Sec. 371.160. MATURITY DATE; MEMORANDUM OF EXTENSION. (a) A pawnbroker may not enter a pawn transaction that has a maturity date later than one month after the date of the transaction. (b) The pledgor and the pawnbroker by written agreement may change the maturity date of a pawn transaction to a subsequent date. (c) The written agreement must clearly set out: (1) the new redemption date; and (2) the amount of any additional pawn service charge. (d) The pawnbroker must provide a copy of the written agreement to the pledgor.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.