# Arkansas HB1466: TO AMEND THE FAIR MORTGAGE LENDING ACT. Arkansas HB1466, TO AMEND THE FAIR MORTGAGE LENDING ACT., is a 2025 Regular Session House bill sponsored by Brandon Achor (Republican), Justin Boyd (Republican); status enacted, last action 2025-03-12 (Notification that HB1466 is now Act 262) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/AR-HB1466-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Arkansas HB1466 - State: Arkansas - Session: 2025 Regular Session - Title: TO AMEND THE FAIR MORTGAGE LENDING ACT. - Status: enacted - Chamber: House - Introduced: 2025-02-12 - Last action: 2025-03-12, Notification that HB1466 is now Act 262 - Sponsors: Brandon Achor (Republican), Justin Boyd (Republican) - Cosponsors: 0 - Touches household money: no - Roll calls: 2 (130 yes, 0 no in all) - Economic provisions PRIA read: 6 ## Summary No summary available. ## Bill overview: provisions PRIA read - Mortgage bonds give consumers recovery rights: benefit, medium. Mortgage brokers, bankers, and servicers must keep surety bonds of at least $100,000, with amounts based on prior-year loan activity. Consumers can sue directly on these bonds, and their claims get priority over other claims. Bonds cover claims for at least five years after a licensee stops servici… - Customer data safeguards exclude small institutions: mixed, medium. Financial institutions covered by this subchapter must maintain written security programs led by a qualified individual. Programs must assess risks, limit access, protect data with encryption and multifactor authentication or approved alternatives, and train staff. Institutions must oversee service… - Data breach reports have deadlines and delays: mixed, low. Institutions subject to the notification rules must report qualifying data events affecting any Arkansas consumer as soon as possible. The deadline is 45 days after discovery, with required contact, event, and affected-consumer details. Discovery starts when an employee, officer, or agent knows, ex… - Large mortgage servicers get risk-based oversight: mixed, low. Covered servicers are nonbank firms handling at least 2,000 qualifying one-to-four-unit home loans and operating in at least two states, districts, or territories. Loan counts use the latest year-end report, exclude whole loans the firm owns, and include loans temporarily serviced before sale. Mult… - Mortgage firms face revised financial rules: mixed, low. Mortgage banker applicants must submit audited statements showing at least $25,000 in net worth; non-covered servicer applicants must show $100,000. These statements must follow accepted U.S. or international accounting standards, carry an acceptable audit opinion, and be dated within 15 months bef… - Mortgage licensing coverage and exemptions change: mixed, low. The law’s definitions cover residential mortgage loans and firms routinely managing them for owners under servicing contracts. They also cover those receiving borrower payments or related tax and insurance funds. Licensing exemptions now reference January 1, 2025 definitions instead of January 1, 2… ## Sponsors and cosponsors - Sponsor: Brandon Achor (Republican), House - Sponsor: Justin Boyd (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-03-10 | Senate | Senate Vote - Monday, March 10, 2025 2:57:14 PM | pass | 34 | 0 | | | 2025-02-27 | House | House Vote - Thursday, February 27, 2025 2:32:31 PM | pass | 96 | 0 | | ## Actions (13) - 2025-03-12: Notification that HB1466 is now Act 262 (House) - 2025-03-11: Correctly enrolled and ordered transmitted to the Governor's Office. (House) - 2025-03-10: TO BE ENROLLED (House) - 2025-03-10: Returned from the Senate as passed. (House) - 2025-03-10: Returned to the House as passed. (Senate) - 2025-03-10: Read the third time and passed. (Senate) - 2025-03-06: Returned by the Committee, with the recommendation that it Do Pass (Senate) - 2025-02-27: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE (Senate) - 2025-02-27: Received from the House. (Senate) - 2025-02-27: Read the third time and passed and ordered transmitted to the Senate. (House) - 2025-02-26: Returned by the Committee Do Pass (House) - 2025-02-12: Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE (House) - 2025-02-12: Filed (House) ## Bill text - HB1466 - Introduced, 2025-02-12: [PDF](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FHB1466.pdf) - Act Version: [PDF](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=262.pdf&ddBienniumSession=2025%2F2025R) ## Related bills - HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025-2026 FISCAL YEAR. (enacted) - HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO SET PENALTIES FOR A VIOLATION OF THE PROHIBITION OF SOLICITATION OF INJURED INDIV… (failed) - HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS. (failed) - SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE USE OF ALKALINE HYDROLYSIS; AND TO REGULATE ALKALINE HYDROLYSIS FACILITIES. (failed) - HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A MUNICIPALITY TO PETITION TO SET ASIDE THE SALE OF PROPERTY TO CERTAIN P… (failed) - HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL ASSEMBLY; TO REQUIRE THAT A MEMBER OF THE HOUSE OF REPRESENTATIVES BE SELECTED A… (failed) ## Sources - [HB1466 - Introduced (PDF)](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FHB1466.pdf) - [Act Version (PDF)](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=262.pdf&ddBienniumSession=2025%2F2025R) ## Related - [HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025…](https://policyrisk.com/state-bill/AR-HB1265-2025) - [HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO S…](https://policyrisk.com/state-bill/AR-HB1237-2025) - [HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS.](https://policyrisk.com/state-bill/AR-HB1686-2025) - [SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE US…](https://policyrisk.com/state-bill/AR-SB440-2025) - [HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO…](https://policyrisk.com/state-bill/AR-HB1695-2025) - [HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL…](https://policyrisk.com/state-bill/AR-HR1012-2025) - [Arkansas bills](https://policyrisk.com/states/arkansas/bills) - [Arkansas state hub](https://policyrisk.com/states/arkansas) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AR-HB1466-2025 (as of 2026-10-19).