Section 85.420 - Purchase Transactions(a) Relevant pawn provisions. Accepting goods in a purchase transaction must be done in compliance with all relevant administrative rules, in the context of the purchase transaction in the same manner as if the transaction were a pawn transaction. These rules include: (1) § RSA 85.405(a)(5) of this title--Legible information; (2) § RSA 85.405(a)(6) of this title--Identification of pledgor or seller; (3) § RSA 85.405(c) of this title--Identification of pledged goods; (4) § RSA 85.405(e) of this title--Standards for describing goods; (5) § RSA 85.405(f) of this title--Titled goods; (6) § RSA 85.406 of this title--Law Enforcement Reporting; (7) § RSA 85.418 of this title--Acceptance of Goods; and (8) § RSA 85.419 of this title--Hold Orders. (b) Hold period.(1) Each item of personal property purchased from the general public must be held at the licensed pawnshop location from the purchase date before being modified, changed, sold, or disposed of in any manner for a period of: (B) a period of less than 20 days if a local jurisdiction has enacted an ordinance that specifies the hold period.(2) A reduced hold period of less than 20 days may be agreed upon by the pawnbroker and the law enforcement agency if the pawn and purchase ticket information is exchanged electronically. The agreement for a reduced hold period must not conflict with any local ordinance and must be submitted to the commissioner in writing by and through the chief local law enforcement officer for the jurisdiction. If a pawnshop holds personal property for less than 20 days under an agreement with local law enforcement, then the pawnshop must maintain a copy of the agreement, and must provide a copy of the agreement to the OCCC upon request.7 Tex. Admin. Code § 85.420
The provisions of this §85.420 adopted to be effective April 5, 2001, 26 TexReg 2536; amended to be effective September 19, 2005, 30 TexReg 5337; amended to be effective June 7, 2010, 35 TexReg 3471; amended to be effective July 1, 2014, 39 TexReg 3398; Amended by Texas Register, Volume 41, Number 45, November 4, 2016, TexReg 8819, eff. 1/1/2017; Amended by Texas Register, Volume 47, Number 35, September 2, 2022, TexReg 5334, eff. 10/1/2022