29 chapters · 790 sections in this title.
Ark. Code Ann. § 18-50-101 Definitions
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(1) As used in this chapter:(1) “Beneficiary” means the person named or otherwise designated in a deed of trust as the person for whose benefit a deed of trust is given or his or her successor in interest;(2) “Deed of trust” means a deed conveying real property in trust to secure…
Ark. Code Ann. § 18-50-102 Parties authorized to foreclose mortgage or deed of trust
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(a) Parties authorized to foreclose a mortgage or deed of trust under this chapter are limited to:(1) A trustee or attorney-in-fact who is an active licensed member of the Bar of the Supreme Court of the State of Arkansas or a law firm among whose members includes such an attorne…
Ark. Code Ann. § 18-50-103 Conditions to exercise of power of sale
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(1) A beneficiary or mortgagee may not initiate a foreclosure under this chapter unless:(1) The deed of trust or mortgage is filed for record with the recorder of the county in which the trust property is situated;(2) (A) The beneficiary or mortgagee:(i) Has personal knowledge of…
Ark. Code Ann. § 18-50-104 Prerequisites for foreclosure sale — Contents of notice of sale — Persons to receive notice
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(a) The trustee or mortgagee may not sell the trust property unless:(1) The mortgagee, trustee, or beneficiary has filed for record with the recorder of the county in which the trust property is situated a duly acknowledged notice of default and intention to sell containing the i…