™Your Policy Risk Impact Agent
95 chapters · 3,921 sections in this title.
Ark. Code Ann. § 23-39-401 Definitions
13.0K chars
(1) For purposes of this subchapter, unless the context otherwise requires:(1) “Advance fee” means any consideration which is assessed or collected prior to the closing of a loan by a loan broker;(2) “Affiliate” means any person who, directly or indirectly, through one (1) or mor…
Ark. Code Ann. § 23-39-402 Nonexclusive remedy
0.1K chars
Nothing in this subchapter limits the rights or remedies which are otherwise available to a consumer under any other law.
Ark. Code Ann. § 23-39-403 Liability of loan broker's principal
0.2K chars
A principal of a loan broker shall be liable under this subchapter to the same extent as the loan broker himself or herself for any actions on behalf of the loan broker, or the loan broker's agents or employees, which violate this subchapter.
Ark. Code Ann. § 23-39-404 Prohibited acts
0.9K chars
(1) It shall be unlawful for a loan broker to:(1) Assess or collect an advance fee from a borrower to provide services as a loan broker; or(2) Make or use unfair, false, misleading, or deceptive representations or to omit any material fact in the offer or sale of the services of …