Texas § 371.160 MATURITY DATE; MEMORANDUM OF EXTENSION.

Texas Statutes

§ 371.160 — MATURITY DATE; MEMORANDUM OF EXTENSION.

Texas § 371.160

Code FIFinance Code

This text of Texas § 371.160 (MATURITY DATE; MEMORANDUM OF EXTENSION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 371.160 (2026).

Text

Sec. 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.

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Sec. 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.