Arkansas Code Title 18, Subtitle 4, Chapter 50 - Statutory Foreclosures

• § 18-50-101 - Definitions.
  As used in this chapter: (1) "Beneficiary" means the person named or otherwise designated in a deed of trust as the person for whose...
• § 18-50-102 - Parties Authorized to Foreclose Mortgage or Deed of Trust.
  (a) Parties authorized to foreclose a mortgage or deed of trust under this chapter are limited to: (1) A trustee or attorney-in-fact who is...
• § 18-50-103 - Conditions to Exercise of Power of Sale.
  A beneficiary or mortgagee may not initiate a foreclosure under this chapter unless: (1) The deed of trust or mortgage is filed for record...
• § 18-50-104 - Prerequisites for Foreclosure Sale -- Contents of Notice of Sale -- Persons to Receive Notice.
  (a) The trustee or mortgagee may not sell the trust property unless: (1) The mortgagee, trustee, or beneficiary has filed for record with the...
• § 18-50-105 - Publication of Notice.
  The mortgagee or trustee shall publish the notice: (1) In a newspaper of general circulation in the county in which the trust property is...
• § 18-50-106 - Trustee's Affidavit.
  On or before the date the mortgagee or trustee conducts the sale, a duly acknowledged affidavit of mailing and publication of the notice of...
• § 18-50-107 - Manner of Sale.
  (a) The sale shall be held on the date and at the time and place designated in the notice of default and intention to...
• § 18-50-108 - Effect of Sale.
  (a) (1) A sale made by a mortgagee or trustee shall foreclose and terminate all interest in the trust property of all persons to...
• § 18-50-109 - Disposition of Proceeds of Sale.
  The trustee or mortgagee shall apply the proceeds of the sale as follows: (1) To the expenses of the sale, including compensation of the...
• § 18-50-110 - [Repealed.]
• § 18-50-111 - Form and Effect of Trustee's or Mortgagee's Deed.
  (a) (1) The trustee's or mortgagee's deed shall contain recitals of compliance with the requirements of this chapter relating to the exercise of the...
• § 18-50-112 - Deficiency Judgment.
  (a) (1) At any time within twelve (12) months after a sale under this chapter, a money judgment may be sought for the balance...
• § 18-50-113 - Request for Notice.
  (a) At any time subsequent to the recordation of a mortgage or deed of trust and prior to a recording of a notice of...
• § 18-50-114 - Reinstatement of Mortgage or Deed of Trust.
  (a) (1) Whenever all or a portion of the principal sum of any obligation secured by a mortgage or deed of trust, prior to...
• § 18-50-115 - Implied Powers in Mortgages.
  (a) (1) Subject to the provisions of § 18-50-114 and notwithstanding the terms of the mortgage, a power of sale is implied in every...
• § 18-50-116 - Miscellaneous Provisions.
  (a) The procedures set forth in this chapter for the foreclosure of a mortgage or deed of trust shall not impair or otherwise affect...
• § 18-50-117 - Foreign Corporations and Other Entities.
  No person, firm, company, association, fiduciary, or partnership, either domestic or foreign, shall avail themselves of the procedures under this chapter unless authorized to...

Last modified: November 15, 2016