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88 chapters · 2,278 sections in this title.
Ark. Code Ann. § 4-90-804 Contractual liability or other insurance policies
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(a) A contractual liability policy or other insurance policy insuring a guaranteed asset protection waiver shall state the obligation of the insurer to reimburse or pay to the creditor any sums the creditor is legally obligated to waive under the guaranteed asset protection waive…
Ark. Code Ann. § 4-90-805 Disclosures
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(1) A guaranteed asset protection waiver shall disclose, as applicable, in writing and in clear and understandable language that is easy to read, the following:(1) The name and address of the initial creditor, the borrower at the time of sale, and the identity of any administrato…
Ark. Code Ann. § 4-90-806 Cancellation of guaranteed asset protection waiver
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(a) (1) A guaranteed asset protection waiver agreement may be cancelable or may not be cancelable after the free look period.(2) A guaranteed asset protection waiver that is cancelable shall provide that if a borrower cancels a guaranteed asset protection waiver within the free l…
Ark. Code Ann. § 4-90-807 Commercial transactions — Exemptions
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Section 4-90-803(c), § 4-90-805, and § 4-90-808 shall not apply to a guaranteed asset protection waiver offered in a commercial transaction involving a lease or retail installment sale.