Examination & Enforcement
The examination
department=s
main responsibility is to conduct routine examinations of pawnshops to ensure
proper record keeping and compliance with the Texas Pawnshop Act. Currently,
the majority of pawnshops in
Examination Accommodations: When the representative of the commissioner appears at a pawnshop to conduct an examination, the pawnshop must make available a desk or table providing adequate workspace. The pawnshop must also provide a suitable chair, adequate lighting, and convenient access to a 110 volt electrical outlet in an area reasonably suited for office and administrative work.
Annual Examination Report: As part of an annual examination, a report must be filed in conjunction with the pawnshop license renewal providing certain information on a form furnished by the commissioner. These submissions will be collected under the examination authority of the Texas Finance Code, '371.201, and will be treated as confidential under the provisions of Texas Finance Code, '371.206. The commissioner may publish an aggregate report. A report for each licensed location must be filed for the period of January 1 to December 31 of the preceding year and include:
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Number of pawn loans made during the year
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Amount advanced in connection with the pawn loans made during the year
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Number of pawn loans outstanding on the December 31st immediately preceding the due date of the report
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Amount of pawn loans outstanding on the December 31st immediately preceding the due date of the report
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