Arkansas § 4-107-306 Amount owed

Arkansas Statutes

§ 4-107-306 — Amount owed

Arkansas § 4-107-306

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This text of Arkansas § 4-107-306 (Amount owed) 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. § 4-107-306 (2026).

Text

(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.

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(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.