Tex.
Fin. Code Section 371.157
Pawn Ticket
(1)
the name and address of the pawnshop;(2)
the pledgor’s name, address, and physical description and a driver’s license number, military identification number, identification certificate number, or other official number that can identify the pledgor;(3)
the date of the transaction;(4)
an identification and description of the pledged goods, including serial numbers if reasonably available;(5)
the amount of cash advanced or credit extended to the pledgor, designated as “Amount Financed”;(6)
the amount of the pawn service charge, designated as “Finance Charge”;(7)
the total amount, consisting of the amount financed plus the finance charge, that must be paid to redeem the pledged goods on the maturity date, designated as “Total of Payments”;(8)
the “Annual Percentage Rate,” computed according to Regulation Z (12 C.F.R. Part 1026) adopted by the Consumer Financial Protection Bureau under the Truth in Lending Act (15 U.S.C. Section 1601 et seq.), as amended;(9)
the maturity date of the pawn transaction; and(10)
a statement that:(A)
the pledgor is not obligated to redeem the pledged goods; and(B)
the pledged goods may be forfeited to the pawnbroker on the 31st day after the maturity date.
Source:
Section 371.157 — Pawn Ticket, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.371.htm#371.157 (accessed Jun. 5, 2024).
