All Roll Calls
Yes: 128 • No: 0
ArkansasSB2402025 Regular SessionSenateWALLET
TO AMEND THE CREDIT REPORTING DISCLOSURE ACT OF 1989; AND TO CLARIFY THE CONTENT REQUIRED FOR A NOTICE OF ADVERSE ACTION.
Sponsored By: Howard M. Beaty, Jr. (Republican), Ricky Hill (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Fewer required details in borrowers' credit notices
Arkansas law requires adverse-action notices to be in writing and state what action was taken. They must also give the creditor’s name and address. The law no longer requires the credit reporting agency’s name and address or the consumer’s Social Security number.
Sponsors & Cosponsors
Sponsors
Howard M. Beaty, Jr.
Republican • House
Ricky Hill
Republican • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 3/17/2025
House Vote - Monday, March 17, 2025 2:38:20 PM
Yes: 96 • No: 0
Senate vote • 2/24/2025
Senate Vote - Monday, February 24, 2025 2:22:48 PM
Yes: 32 • No: 0
Actions Timeline
Notification that SB240 is now Act 343
3/20/2025SenateDELIVERED TO GOVERNOR.
3/18/2025SenateReported correctly enrolled and ordered delivered to the Governor.
3/18/2025SenateORDERED ENROLLED
3/17/2025SenateReturned from the House as passed.
3/17/2025SenateReturned to the Senate as passed.
3/17/2025HouseRead the third time and passed and ordered transmitted to the Senate.
3/17/2025HouseReturned by the Committee Do Pass
3/12/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE
2/24/2025HouseRECEIVED FROM THE SENATE
2/24/2025HouseOrdered immediately transmitted to the House.
2/24/2025SenateRead the third time and passed.
2/24/2025SenateReturned by the Committee, with the recommendation that it Do Pass
2/20/2025SenateRead first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
2/17/2025SenateFiled
2/17/2025Senate
Bill Text
SB240 - Introduced
2/17/2025
Act Version
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