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Arkansas Pine Bluff - online payday loans

Date: Sun, 08/12/2012 11:01

Can anyone tell me Arkansas - Pine Bluff law's on payday loans

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Total Replies: 6

All PDL's are illegal in Arkansas from what I have read on here. Follow OhioGals ways to deal with them. Good Luck.

Sub: #1 posted on Sun, 08/12/2012 - 11:45

thedaley3

(Posts: 20 | Credits: )

As far as I know payday lending is legal in Arkansas. You owe both the principal and interest, if you have taken out a loan. Go through this page to know the state pdl laws: http://www.debtconsolidationcare.com/paydayloan/explain-p dls-laws.html

Sub: #2 posted on Mon, 08/13/2012 - 00:50

Unregistered

Payday lending is NOT legal in Arkansas.

Arkansas State Information:

Legal Status: Prohibited (Check Casher Act, Ark. Code Ann. 23-52-101 et. Seq., repealed 2011)

Citation: Usury cap in Arkansas Constitution applies. Ark. Const. Amend. 89 ?? 3.

Small Loan Rate Cap: 17% per year set by ballot in 2010

Arkansas Attorney General
Office of the Attorney General
323 Center Street, Suite 200
ator: Little Rock, Arkansas 72201
Phone: 800-482-8982

Sub: #3 posted on Mon, 08/13/2012 - 06:17

OhioGal1
Moderators Cum Industry Expert
(Posts: 5253 | Credits: )

Ohio, I knew that payday loans are legal in Arkansas. Thanks for the information. Can you please share any authentic resource (gov site) with us where we can know about the Arkansas payday loan laws in details?

Sub: #4 posted on Tue, 08/14/2012 - 23:12

ditchdebt

(Posts: 679 | Credits: )

Again, payday loans are NOT legal in Arkansas.

See the Check Casher Act, Ark. Code Ann. 23-52-101 et. Seq., repealed 2011

and

Usury cap citation: Arkansas Constitution (Ark. Const. Amend. 89 ?? 3)

Sub: #5 posted on Wed, 08/15/2012 - 06:14

OhioGal1
Moderators Cum Industry Expert
(Posts: 5253 | Credits: )

[FONT=&quot] [QUOTE][/FONT]
Constitution Of The State Of Arkansas Of 1874
[FONT=&quot]AMENDMENTS TO THE CONSTITUTION OF ARKANSAS OF 1874 AMEND. 89. [GOVERNMENTAL BONDS AND LOANS ??? INTEREST RATES - ENERGY EFFICIENCY PROJECTS (CONST. ART. 19, ?? 13 REPEALED, CONST. AMEND. 30, ?? 5, AMEND. 38, ?? 5, AMEND.[/FONT]
62, ?? 1, AMEND. 65, ?? 4, AND AMEND. 78, ?? 2 AMENDED)]. ?? 3. Other Loans. The maximum lawful rate of interest on loans or contracts not described in Sections 1 and 2 shall not exceed seventeen percent (17%) per annum.
[FONT=&quot][/QUOTE][/FONT]
Are you referring to this? Can you highlight the section where it is written that payday loans are illegal in Arkansas? It will be helpful for all the forum members. I just want to know the law in details.

Sub: #6 posted on Thu, 08/16/2012 - 03:23

ditchdebt

(Posts: 679 | Credits: )