Tex. Fin. Code § 371.154

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 371.154 - Insurance and Bond

(a) A pawnbroker shall maintain general liability and fire insurance:

(1) in a reasonable amount and form required by the commissioner; and

(2) sufficient to protect pledged goods, including jewelry, at the pawnshop.

(b) A pawnbroker shall secure a bond:

(1) in the amount, not to exceed $5,000, required by the commissioner;

(2) in the form required by the commissioner; and

(3) conditioned on compliance with this chapter and rules adopted under this chapter.

Tex. Fin. Code § 371.154

Amended by Acts 1999, 76th Leg., ch. 801, Sec. 6, eff. 9/1/1999.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.