Sec. 371.251. REVOCATION OR SUSPENSION OF PAWNSHOP LICENSE. (a) After notice and hearing, the commissioner may revoke or suspend a pawnshop license if the commissioner finds that:
(1) the pawnbroker has not paid a fee or charge imposed by the commissioner under this chapter;
(2) the pawnbroker, knowingly or without exercising due care to prevent the violation, has violated this chapter or a rule adopted or an order issued under this chapter;
(3) a fact or condition exists that, if it had existed or had been known to exist at the time of the original license application, clearly would have justified refusal to issue the license;
(4) the pawnbroker has established an association with an unlicensed person who, with the knowledge of the pawnbroker, has violated this chapter;
(5) the pawnbroker has aided or conspired with a person to circumvent this chapter;
(6) the pawnbroker or a legal or beneficial owner of the pawnbroker is not of good moral character or has been convicted of a crime that the commissioner finds directly relates to the duties and responsibilities of the occupation of pawnbroker or would otherwise make the person unfit for a pawnshop license under Section 371.052;
(7) the financial responsibility, experience, character, or general fitness of the pawnbroker or its owners and managers do not command the confidence of the public or warrant the belief that the business will be operated lawfully, fairly, and within the purposes of this chapter; or
(8) the pawnbroker has not maintained the minimum net assets required by Section 371.072.
(b) The commissioner may:
(1) place on probation a person whose license is suspended; or
(2) reprimand a pawnbroker for violating this chapter or a rule adopted under this chapter.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Section: Previous 371.202 371.203 371.204 371.205 371.206 371.207 371.208 371.251 371.252 371.253 371.254 371.255 371.256 371.257 371.258 NextLast modified: September 28, 2016