# Arkansas SB240: TO AMEND THE CREDIT REPORTING DISCLOSURE ACT OF 1989; AND TO CLARIFY THE CONTENT REQUIRED FOR A NOTICE OF ADVERSE ACTION.

Arkansas SB240, TO AMEND THE CREDIT REPORTING DISCLOSURE ACT OF 1989; AND TO CLARIFY THE CONTENT REQUIRED FOR A NOTICE OF ADVERSE ACTION., is a 2025 Regular Session Senate bill sponsored by Howard M. Beaty, Jr. (Republican), Ricky Hill (Republican); status enacted, last action 2025-03-20 (Notification that SB240 is now Act 343); PRIA reads it as touching household money (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/AR-SB240-2025
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Arkansas SB240
- State: Arkansas
- Session: 2025 Regular Session
- Title: TO AMEND THE CREDIT REPORTING DISCLOSURE ACT OF 1989; AND TO CLARIFY THE CONTENT REQUIRED FOR A NOTICE OF ADVERSE ACTION.
- Status: enacted
- Chamber: Senate
- Introduced: 2025-02-17
- Last action: 2025-03-20, Notification that SB240 is now Act 343
- Sponsors: Howard M. Beaty, Jr. (Republican), Ricky Hill (Republican)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 2 (128 yes, 0 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Fewer required details in borrowers' credit notices: mixed, low. 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 and cosponsors

- Sponsor: Howard M. Beaty, Jr. (Republican), House
- Sponsor: Ricky Hill (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-17 | House | House Vote - Monday, March 17, 2025 2:38:20 PM | pass | 96 | 0 |   |
| 2025-02-24 | Senate | Senate Vote - Monday, February 24, 2025 2:22:48 PM | pass | 32 | 0 |   |

## Actions (15)

- 2025-03-20: Notification that SB240 is now Act 343 (Senate)
- 2025-03-18: DELIVERED TO GOVERNOR. (Senate)
- 2025-03-18: Reported correctly enrolled and ordered delivered to the Governor. (Senate)
- 2025-03-17: ORDERED ENROLLED (Senate)
- 2025-03-17: Returned from the House as passed. (Senate)
- 2025-03-17: Returned to the Senate as passed. (House)
- 2025-03-17: Read the third time and passed and ordered transmitted to the Senate. (House)
- 2025-03-12: Returned by the Committee Do Pass (House)
- 2025-02-24: Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE (House)
- 2025-02-24: RECEIVED FROM THE SENATE (House)
- 2025-02-24: Ordered immediately transmitted to the House. (Senate)
- 2025-02-24: Read the third time and passed. (Senate)
- 2025-02-20: Returned by the Committee, with the recommendation that it Do Pass (Senate)
- 2025-02-17: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE (Senate)
- 2025-02-17: Filed (Senate)

## Bill text

- SB240 - Introduced, 2025-02-17: [PDF](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB240.pdf)
- Act Version: [PDF](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=343.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)
- HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS. (failed)
- 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)
- 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
- [SB240 - Introduced (PDF)](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB240.pdf)
- [Act Version (PDF)](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=343.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)
- [HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS.](https://policyrisk.com/state-bill/AR-HB1686-2025)
- [HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO S…](https://policyrisk.com/state-bill/AR-HB1237-2025)
- [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)
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Source: PRIA, https://policyrisk.com/state-bill/AR-SB240-2025 (as of 2026-10-16).