Arkansas Code Title 4, Subtitle 7, Chapter 92 - Rental Purchases

• § 4-92-101 - Title.
  This chapter shall be known and may be cited as the "Rental Purchase Act".
• § 4-92-102 - Definitions.
  As used in this chapter, unless the context otherwise requires: (1) "Advertisement" means a commercial message in any medium that directly or indirectly promotes...
• § 4-92-103 - Liability of Lessor.
  (a) A consumer damaged by a violation of this chapter by a lessor is entitled to recover from the lessor: (1) Actual damages; (2)...
• § 4-92-104 - Agreement -- Nature.
  An agreement which conforms with the definition as set forth in § 4-92-102(7) shall be a true lease and shall not constitute a credit...
• § 4-92-105 - Agreement -- Provisions Prohibited and Required.
  (a) A rental-purchase agreement shall not contain a provision: (1) Requiring a confession of judgment; (2) Authorizing a merchant or agent of the merchant...
• § 4-92-106 - Agreement -- Reinstatement.
  (a) A consumer who fails to make a timely rental payment may reinstate an agreement without losing any rights or options previously acquired by...
• § 4-92-107 - Advertisements.
  Any advertisement for a rental-purchase agreement must clearly and conspicuously state that the advertised transaction is a rental-purchase transaction.

Last modified: November 15, 2016