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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If a pawn ticket is lost, destroyed, or stolen, the pledgor may notify the pawnbroker of that fact in writing. Receipt of this notice invalidates the pawn ticket if the pledged goods have not been redeemed.
(b) The pawnbroker shall require the pledgor to make a written statement of the loss, destruction, or theft before the pawnbroker delivers the pledged goods or issues a new pawn ticket.
(c) The pawnbroker shall record on the written statement:
(1) the date the statement is made; and
(2) the number of the pawn ticket lost, destroyed, or stolen.
(d) The statement must be signed by the pawnbroker or the pawnshop employee who accepts the statement from the pledgor.
(e) A pawnbroker is entitled to a fee of not more than $1 in connection with the accepting of a written statement under this section.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 371.163. Lost or Destroyed Ticket - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-371-163/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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