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Tex. Finance Code § 371.160

MATURITY DATE; MEMORANDUM OF EXTENSION

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 371.160, MATURITY DATE; MEMORANDUM OF EXTENSION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647889
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(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.