§ 123.01. DEFINITION OF PAWNBROKER.  


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  • For use in this chapter, the term “pawnbroker” means any person or business who loans money on the pledge of personal property or other valuable items, and who takes possession of the property on the condition of selling the property back to the seller again at a stipulated price, or any person or business who deals in the purchase of used personal property or other valuable items for later resale, subject to the exceptions stated in Section 123.03.