Ark. Code § 4-107-307

Current with legislation from 2024 Fiscal and Special Sessions.

Section 4-107-307 - Interest rate

A creditor may establish the contracted interest rate for a credit card account by:

(1) Documenting the acceptance of the terms and conditions that contain a stated or variable interest rate by a cardholder of the credit card account; or

(2) Any billing statement generated by the credit card issuer that contains a stated or variable interest rate.

Ark. Code § 4-107-307

Added by Act 2013, No. 1495,§ 2, eff. 8/16/2013.