Tex.
Fin. Code Section 371.101
Pawnshop Employee License Program
(a)
A pawnbroker may, but is not required to, participate in the pawnshop employee license program by notifying the commissioner in writing on a form prescribed by the commissioner.(a-1)
A pawnbroker may submit a written notification to participate in the pawnshop employee license program under Subsection (a):(1)
at the time of the pawnbroker’s original license application;(2)
at the time of a renewal of the pawnbroker’s license; or(3)
at another time prescribed by the commissioner.(a-2)
A pawnbroker may notify the commissioner in writing of the pawnbroker’s intention to no longer participate in the pawnshop employee license program at any time notification is permitted under Subsection (a-1). On receipt by the commissioner of a pawnbroker’s notification under this subsection, the pawnbroker will no longer be a part of the pawnshop employee license program unless the pawnbroker resubmits a new notification for participation under Subsection (a-1).(b)
An individual who begins employment at a pawnshop for a pawnbroker that participates in the pawnshop employee license program under Subsection (a), as a condition of employment, must apply to the commissioner for a pawnshop employee license not later than the 75th day after the date employment begins. The individual may continue employment until the license is issued or denied.(c)
If a pawnbroker participates in the pawnshop employee license program under Subsection (a), the participating pawnbroker may not employ an individual to write a pawn transaction, buy or sell merchandise, or supervise another employee who writes pawn transactions or buys or sells merchandise unless the individual:(1)
has complied with Subsection (b) but has not been issued or denied a license; or(2)
holds a pawnshop employee license.(d)
Subsection (c) does not apply to an individual who:(1)
has an ownership interest in the pawnshop license; and(2)
is named on the application.(e)
Subject to Section 14.112 (Licensing and Registration Terms), the Finance Commission of Texas shall adopt rules to administer the pawnshop employee license program.
Source:
Section 371.101 — Pawnshop Employee License Program, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.371.htm#371.101 (accessed Jun. 5, 2024).
