Secondhand dealers and pawnbrokers in Lubbock must report transactions to police using the LeadsOnline electronic system. State law caps interest, and dealers must hold goods for property recovery investigations.
Lubbock requires pawnshops, gold buyers, and secondhand jewelry dealers to enter every transaction into LeadsOnline within 24 hours, including seller identification, item descriptions, and serial numbers. Transactions trigger automatic cross-checks against stolen property databases. Dealers must hold tagged inventory for 14 to 30 days before resale to allow theft recovery. The Texas Office of Consumer Credit Commissioner licenses pawnshops and caps storage and finance charges. Lubbock police regularly audit dealer logs and conduct inspections of cataloged inventory.
Failing to report transactions or holding stolen property exposes dealers to fines up to $500 per item, license suspension, and potential theft-related charges if items match active investigations.
See how Lubbock's secondhand dealers rules stack up against other locations.
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