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Texas Finance Code - FIN § 371.177. Purchase of Used Personal Property

Current as of January 01, 2024 | Updated by Findlaw Staff

A pawnbroker may not purchase used personal property from a person other than another pawnbroker unless a record is established that contains:

(1) the seller's name, address, and physical description and a driver's license number, military identification number, identification certificate number, or other official number that can identify the seller;

(2) a complete description of the property, including the serial number, if reasonably available, or other identifying characteristics;  and

(3) the seller's signed statement that the seller has the right to sell the property.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 371.177. Purchase of Used Personal Property - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-371-177/

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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