Arkansas Statutes
§ 4-107-307 — Interest rate
Arkansas·Title 4
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.
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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