Section 371.157 - Pawn Ticket A pawnbroker, at the time a pawn transaction is entered, shall deliver to the pledgor a pawn ticket or other memorandum that clearly shows:
(1) the name and address of the pawnshop; (2) the pledgor'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 pledgor; (3) the date of the transaction; (4) an identification and description of the pledged goods, including serial numbers if reasonably available; (5) the amount of cash advanced or credit extended to the pledgor, designated as "Amount Financed"; (6) the amount of the pawn service charge, designated as "Finance Charge"; (7) the total amount, consisting of the amount financed plus the finance charge, that must be paid to redeem the pledged goods on the maturity date, designated as "Total of Payments"; (8) the "Annual Percentage Rate," computed according to Regulation Z (12 C.F.R. Part 1026) adopted by the Consumer Financial Protection Bureau under the Truth in Lending Act (15 U.S.C. Section 1601 et seq.), as amended; (9) the maturity date of the pawn transaction; and (10) a statement that: (A) the pledgor is not obligated to redeem the pledged goods; and (B) the pledged goods may be forfeited to the pawnbroker on the 31st day after the maturity date. Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 159,Sec. 27, eff. 9/1/2023.Amended by Acts 2003, 78th Leg., ch. 1199, Sec. 1, eff. 9/1/2003. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.