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AR HB1318

Bill

Official Source

Status

Passed

2/21/2017

Primary Sponsor

Matthew Shepherd

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 4-57-109(c)(2)(B) regarding consumer lawsuit lending to clarify stylistic formatting requirements for annual percentage rate (APR) disclosures
  • Requires APR to be displayed in bold, 20-point Arial font surrounded by a 1.5 point black rectangle border with the format "APR . % "
  • Establishes that this act makes only technical, not substantive, changes to the Arkansas Code of 1987
  • Specifies that enactment shall not repeal other acts from the 91st General Assembly's regular session, and in case of conflict, the other act shall take precedence
  • Approved February 21, 2017

Legislative Description

To Make Technical Corrections To Title 4 Of The Arkansas Code Concerning Business And Commercial Law.

Last Action

Notification that HB1318 is now Act 261

2/21/2017

Committee Referrals

Insurance & Commerce1/31/2017
Judiciary1/25/2017

Full Bill Text

No bill text available