TEXAS PAWNSHOP and PAWNBROKER LICENSE LAWYER
Alan Abergel is an attorney licensed by both the State Bar of Texas and the State Bar of California.
Click here for California pawnshop licensing services.
A Texas pawnshop is a business where a consumer may pledge personal property as collateral for a loan. The personal property is then held by the pawnshop, and may be bought back by the consumer for a set price within a set period of time. Texas pawnshops and pawnshop employees are licensed and regulated by Texas Office of Consumer Credit Commissioner (OCCC), and are also regulated by other Texas and federal laws and regulations.
A person or a business entity may not engage in business as a pawnbroker unless the person or business entity holds a pawnshop license. “Pawnbroker” means a person engaged in the business of: (A) lending money on the security of pledged goods; or (B) purchasing goods on condition that the goods may be redeemed or repurchased by the seller for a fixed price within a fixed period. “Pawnshop” means a location at which or premises in which a pawnbroker regularly conducts business. “Pawn transaction” means the pledging, by a person present in this state at the time of the transaction, with a pawnbroker of a single item of goods as security for a loan of money. “Pledged goods” means goods deposited with or otherwise delivered into the possession of a pawnbroker in connection with a pawn transaction.
LEGAL SERVICES THE LAW OFFICES OF ALAN ABERGEL, P.C. (“LOAA”) PROVIDES:
- Assistance with obtaining a Texas Pawnshop License and with license application requirements.
- Assistance with transfer of a Texas Pawnshop License.
- Advice concerning compliance with Texas consumer and pawn lending laws for OCCC licensees.
- Advice concerning compliance for Texas pawnshops and pawnshop employees.
- Advice concerning State and Federal Lending Laws
- Drafting of Texas pawnshop documents
- Representation before CFPB.
- Representation in OCCC investigations, administrative hearings, and enforcement proceedings.
- Representation in investigations by CFPB.
- M&A transactions involving Texas pawnshops and other OCCC licensees.
- Private securities offering transactions and PPMs involving Texas pawnshops and other OCCC licensees.
Please call a Texas Pawnshop and Pawnbroker License Lawyer, so we can discuss your Texas pawnshop licensing legal needs.