Arkansas Statutes
§ 23-54-103 — Definitions
Arkansas § 23-54-103
JurisdictionArkansas
Title23
This text of Arkansas § 23-54-103 (Definitions) 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. § 23-54-103 (2026).
Text
As used in this chapter, "reverse mortgage" means a nonrecourse loan secured by a borrower's principal residence that:
(1)Provides cash advances to a borrower based upon the amount of equity in the borrower's residence; and (2) Requires no payment of principal or interest until the entire loan becomes due and payable.
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Legislative History
Acts 2005, No. 2166, § 1.
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 § 23-54-103, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-54-103.