Tex. Finance Code § 371.156

This is the official text of Tex. Finance Code § 371.156, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 371.156. PAWN TRANSACTION.

Official statutory text

(a) Items that are usually sold as a set are considered a single item and must be included in the same pawn transaction.

(b) A pledged item together with items that are accessories to the pledged item are considered a single item and must be included in the same pawn transaction.

(c) A separate pawn transaction retains its separate character when it is renewed, unless the parties agree otherwise.

(d) A pawnbroker may not divide a pawn transaction into more than one transaction to obtain, or with the effect of obtaining, a total pawn service charge that exceeds the charge authorized for an amount financed that is equal to the total of the amounts financed in the resulting transactions.

Status: in_force · Read it on the official government site

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