Texas § 371.208 VERIFICATION OF NET ASSETS.

Texas Statutes

§ 371.208 — VERIFICATION OF NET ASSETS.

Texas § 371.208

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 371.208 (2026).

Text

Sec. 371.208. VERIFICATION OF NET ASSETS. If the commissioner questions the amount of a pawnbroker's net assets, the commissioner may require certification by an independent certified public accountant that:

(1)the accountant has reviewed the pawnbroker's books, other records, and transactions during the reporting year;

(2)the books and other records are maintained using generally accepted accounting principles; and

(3)the pawnbroker meets the net assets requirement of Section 371.072 . SUBCHAPTER F. LICENSE REVOCATION, SUSPENSION, AND SURRENDER

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Sec. 371.208. VERIFICATION OF NET ASSETS. If the commissioner questions the amount of a pawnbroker's net assets, the commissioner may require certification by an independent certified public accountant that:
(1) the accountant has reviewed the pawnbroker's books, other records, and transactions during the reporting year;
(2) the books and other records are maintained using generally accepted accounting principles; and
(3) the pawnbroker meets the net assets requirement of Section 371.072 .
SUBCHAPTER F. LICENSE REVOCATION, SUSPENSION, AND SURRENDER