Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 371.160 - Maturity Date; Memorandum of Extension(a) A pawnbroker may not enter a pawn transaction that has a maturity date later than one month after the date of the transaction.(b) The pledgor and the pawnbroker by written agreement may change the maturity date of a pawn transaction to a subsequent date.(c) The written agreement must clearly set out:(1) the new redemption date; and(2) the amount of any additional pawn service charge.(d) The pawnbroker must provide a copy of the written agreement to the pledgor. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.