Arkansas Statutes
§ 4-107-306 — Amount owed
Arkansas·Title 4
(a)A creditor may establish a presumption of correctness of its ownership of the credit card account and the amount of the charges and interest that is owed on a credit card account by:
(1)Filing a copy of the credit card issuer's final billing statement or charge-off statement; or (2) Filing a compilation of the data maintained by the original creditor, credit card issuer, or succeeding creditor in the regular course of business.
(b)The cardholder may dispute the presumption with any credible evidence as allowed by state or federal law.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 4-107-306 (Amount owed) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Act 2013, No. 1495,§ 2, eff. 8/16/2013.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions