Annual Report
As part of the annual renewal process, an annual report must be filed online, through ALECS. Annual reports are due July 31st.
These submissions will be collected under the examination authority of the Texas Finance Code,§371.201, and will be treated as confidential under the provisions of Texas Finance Code, §371.206. The commissioner may publish an aggregate report.
A report for each licensed location must be filed for the period of January 1 to December 31 of the preceding year and include:
- Number of Pawn Loans made during the year
- Amount advanced in connection with the pawn loans made during the year
- Number of pawn loans outstanding on the December 31st immediately preceding the due date of the report
- Amount of pawn loans outstanding on the December 31st immediately preceding the due date of the report
A copy of this report must be retained and made available to examiners during an examination.
Annual Consolidated Volume Reports
Important Dates
June 01-Renewal Opens for Pawn Shop & Pawn Employees.
June 30-Renewal Closes For Pawn Shop & Pawn Employees
****Pawn Shop Licenses not renewed by midnight will Cancel***
****Pawn Employees who do not renew their license by midnight must reapply***
July 1-Pawn Shop reinstatement* period opens
Pawn shop licenses not renewed by June 30 have 180 days after the cancellation date at midnight to reinstate* their cancelled license(s). Pawn Shop licenses not reinstated not later than the 180th day after its expiration date (June 30) will Cancel-Non Renewable and you will need to reapply..
*Reinstate – $1,000 late filing fee + the renewal fee for each license you are reinstating.
Pawn Shops may only opt in/out to license their Pawn Employees through the OCCC during the renewal period. If this was missed, a pawn shop will not be able to modify this option until the following renewal period.
Annual Reports
Annual Report – due July 31.