SECTION 85.101. Purpose and Scope

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(a) Purpose. The purpose of this subchapter is to assist in the administration and enforcement of Texas Finance Code, Chapter 371, which may be cited as the Texas Pawnshop Act.
(b) Scope. This subchapter applies to a person engaged in the business of:
(1) lending money on the security of pledged goods; or
(2) purchasing goods on condition that the goods may be redeemed or repurchased by the seller for a fixed price within a fixed period.

Source Note: The provisions of this §85.101 adopted to be effective September 5, 1999, 24 TexReg 6712; amended to be effective June 7, 2010, 35 TexReg 3471; amended to be effective July 1, 2014, 39 TexReg 3392

                    
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