Enrolled Bill Summary

Senate Bill 965 amends the Finance Code to reduce the time period a pawnbroker is required to hold pledged goods from the 61st day after the maturity date to the 31st day after the maturity date, after which date the goods are forfeited to the pawnbroker. The bill amends the list of types of identification a pawnbroker can accept from a pledgor or seller to add a certificate of identification from the Mexican Consulate (certificado de matricula consular), and an identification issued by the U.S. agency responsible for citizenship and immigration, and to remove a nonresident alien border crossing card, a resident alien border crossing card, and a U.S. Immigration and Naturalization Service identification.