Sec. 371.052. ELIGIBILITY. (a) To be eligible for a pawnshop license, an applicant must:
(1) be of good moral character;
(2) meet the net assets requirement of Section 371.072; and
(3) show that:
(A) the pawnshop will be operated lawfully and fairly under this chapter; and
(B) the applicant or the applicant's owners and managers have the financial responsibility, experience, character, and general fitness to command the confidence of the public in the pawnshop's operations.
(b) Subsection (a)(1) applies to each:
(1) operator and legal or beneficial owner if the applicant is a business entity; and
(2) officer, owner of at least five percent of the shares outstanding, and director if the applicant is a corporation.
(c) For purposes of a disqualification under Chapter 53, Occupations Code, the commissioner is a licensing authority.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 14.748, eff. Sept. 1, 2001.
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