Section 85.702 - Accepting Prohibited Merchandise(a) Applicability. In this section: (1) the requirements imposed on a pawnbroker apply to all pawnbrokers; and (2) the requirements imposed on a pawnshop employee apply only to employees of pawnbrokers that participate in the pawnshop employee license program.(b) Reasonable ground for revocation. Reasonable ground for revocation of the license exists when a pawnbroker or pawnshop employee, knowingly or without exercising due care, fails to prevent a transaction of stolen property, in violation of Texas Finance Code, Chapter 371.(c) Enforcement actions. The acceptance of prohibited merchandise in violation of § RSA 85.418(a)(1) or (3) of this title (relating to Acceptance of Goods), may subject the pawnbroker and pawnshop employee to one or more of the following enforcement actions under Texas Finance Code, Chapters 14 and 371: (2) an administrative penalty;(d) Multiple violations. Multiple violations may result in an additional enforcement action.7 Tex. Admin. Code § 85.702
The provisions of this §85.702 adopted to be effective April 5, 2001, 26 TexReg 2537; amended to be effective June 7, 2010, 35 TexReg 3471; amended to be effective July 1, 2014, 39 TexReg 3400; Amended by Texas Register, Volume 41, Number 45, November 4, 2016, TexReg 8821, eff. 1/1/2017; Amended by Texas Register, Volume 43, Number 52, December 28, 2018, TexReg 8588, eff. 2/1/2019; Amended by Texas Register, Volume 44, Number 35, August 30, 2019, TexReg 4722, eff. 10/1/2019