Arkansas Statutes
§ 5-63-305 — Debt adjusting law - Exclusions
Arkansas·Title 5
The following persons are not considered a debt adjuster for the purposes of this subchapter:
(1)An attorney at law;
(2)A bank, fiduciary, or financing and lending institution as authorized and admitted to transact business in this state and performing credit and financial adjusting services in the regular course of its principal business;
(3)A title insurer or abstract company, while doing an escrow business;
(4)An employer, for its employees;
(5)A judicial officer or another person acting pursuant to court order;
(6)A nonprofit organization giving debt management service without fee or charge or with a fee if the fee is in an amount not to exceed the amount of actual expenses incurred in offering the debt management service; and (7) An association, for its members.
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Legislative History
Acts 1967, No. 61, § 5; 1983, No. 189, § 2; A.S.A. 1947, § 41-4161.
Nearby Sections
15
§ 5-1-101
Title§ 5-1-102
Definitions§ 5-1-103
Applicability to offenses generally§ 5-1-104
Territorial applicability§ 5-1-106
Felonies§ 5-1-107
Misdemeanors§ 5-1-108
Violations§ 5-1-109
Statute of limitations