Sec. 371.160.  MATURITY DATE;  MEMORANDUM OF EXTENSION.  (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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.