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AR HB2090

Bill

Official Source

Status

Passed

4/12/2013

Primary Sponsor

Mary Broadaway

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Amends Arkansas Code § 4-57-101 concerning the calculation of interest on contracts
  • Establishes a default interest rate of six percent (6%) per annum for contracts that do not specify an interest rate
  • Adds a new subdivision (d) to existing interest calculation law
  • Applies to all contracts lacking an explicit interest rate provision

Legislative Description

To Specify An Appropriate Interest Rate On Contracts When None Is Specified.

Last Action

Notification that HB2090 is now Act 1223

4/12/2013

Committee Referrals

Insurance & Commerce4/4/2013
Judiciary3/12/2013

Full Bill Text

No bill text available