Arkansas Statutes

§ 4-90-701 — Definition

Arkansas § 4-90-701

This text of Arkansas § 4-90-701 (Definition) 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. § 4-90-701 (2026).

Text

As used in this subchapter, "debt cancellation agreement" means a loan term or contractual arrangement modifying a loan term dealing with motor vehicles under which a lender agrees to cancel all or part of a borrower's obligation to repay an extension of credit from the lender upon the occurrence of a specified event other than the death or disability of the borrower, whether or not separate from or a part of other loan documents. Provided, however, for purposes of this subchapter only, the term "debt cancellation agreement" shall not include that form of debt cancellation agreement which constitutes a guaranteed automobile protection waiver agreement or "GAP" waiver agreement. A guaranteed automobile protection waiver agreement or "GAP" waiver agreement means a loan term or a contractual

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Legislative History

Acts 2007, No. 496, § 22.

Nearby Sections

15
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Bluebook (online)
Arkansas § 4-90-701, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/4-90-701.