Arkansas Statutes
§ 23-36-112 — Late charge for default in payment
Arkansas § 23-36-112
JurisdictionArkansas
Title23
This text of Arkansas § 23-36-112 (Late charge for default in payment) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 23-36-112 (2026).
Text
Industrial loan institutions are authorized under this chapter to impose a late charge of five cents (5¢) for each default of the payment of one dollar ($1.00), or a fraction thereof, at the time any periodical installment upon a certificate assigned as collateral security for the payment of a loan, under § 23-36-108 , after payment becomes due. The late charges shall not be cumulative.
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Legislative History
Acts 1941, No. 111, § 12; A.S.A. 1947, § 67-1012.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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Bluebook (online)
Arkansas § 23-36-112, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-36-112.