Arkansas Code Title 17, Subtitle 2, Chapter 24, Subchapter 3 - Licensing
- § 17-24-301 - License Required.
Unless licensed by the State Board of Collection Agencies under this subchapter it is unlawful to: (1) Engage in the collection of delinquent accounts,...
- § 17-24-302 - Qualifications -- Restriction.
(a) The State Board of Collection Agencies shall have the authority to issue a license to an applicant for a license to do business...
- § 17-24-303 - Application -- Issuance -- Transferability.
(a) The State Board of Collection Agencies shall have the authority to require an applicant for a license to submit an application in writing...
- § 17-24-304 - Expiration and Renewal.
(a) All collection agency licenses and collection agency employee licenses shall expire annually on June 30.(b) All licensees under this chapter shall apply for...
- § 17-24-305 - Fees -- Disposition.
(a) The State Board of Collection Agencies may charge an annual license fee not to exceed one hundred twenty-five dollars ($125) for licensing each...
- § 17-24-306 - Bond.
(a) The State Board of Collection Agencies shall require each licensee to secure a surety bond in an amount not less than ten thousand...
- § 17-24-307 - Grounds for Revocation, Suspension, or Refusal.
The State Board of Collection Agencies shall have the authority to revoke, suspend, or refuse to issue a license for violation of this chapter,...
- § 17-24-308 - Revocation, Suspension, or Refusal -- Procedure.
(a) (1) Upon the receipt of evidence of any violation, the State Board of Collection Agencies shall order a hearing to be held. (2)...
- § 17-24-309 - Collection Charges -- Limits.
(a) No collection agency mentioned in ยง 17-24-103 shall charge as a collection charge or fee an amount in excess of fifty percent (50%)...
- § 17-24-310 - Annual Notice to Client of Accounting Requirement.
(a) Each collection agency required to be licensed under this chapter shall, annually, within the month of April, give written notice to each client...
Last modified: November 15, 2016