Arkansas Code Title 4, Subtitle 7, Chapter 116 - Refund Anticipation Loan Act

• § 4-116-101 - Title and Intent.
  (a) This act shall be known and referred to as the "Refund Anticipation Loan Act".(b) It is the intent of the General Assembly that...
• § 4-116-102 - Definitions.
  (1) "Consumer" means a person who, individually or in conjunction with another consumer, is solicited for, applies for, or receives a refund anticipation loan...
• § 4-116-103 - Scope.
  Unless a facilitator has complied with the provisions of this chapter, a facilitator, including any officer, agent, employee or representative, individually or in conjunction...
• § 4-116-104 - Posting of Fee Schedules and Disclosures.
  (a) A facilitator shall display a schedule showing the current fees for refund anticipation loans or refund anticipation checks facilitated at the office.(b) A...
• § 4-116-105 - Application Disclosures.
  (a) When a consumer applies for a refund anticipation loan, the facilitator shall disclose to the consumer on a colored-paper form separate from the...
• § 4-116-106 - Oral Disclosures.
  (a) If a consumer applies for a refund anticipation loan, the facilitator shall orally inform the consumer: (1) That the product is a loan...
• § 4-116-107 - Prohibited Activities.
  A facilitator shall not: (1) Require a consumer to enter into a loan agreement in order to complete a tax return; (2) (A) Charge...
• § 4-116-108 - Remedies.
  (a) A facilitator who violates a provision of this chapter is in violation of the Deceptive Trade Practices Act, § 4-88-101 et seq., and...

Last modified: November 15, 2016