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Arkansas Pine Bluff - online payday loans

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

Submitted by anonymous
on Sun, 08/12/2012 - 11:01

Posts: 202330 Credits: [Donate]

Total Replies: 6


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


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


lrhall41

Submitted by thedaley3 on Sun, 08/12/2012 - 11:45

( Posts: 20 | Credits: )


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 Seq., repealed 2011)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


lrhall41

Submitted by OhioGal1 on Mon, 08/13/2012 - 06:17

( Posts: 5253 | Credits: )


[FONT="] [QUOTE][/FONT]
Constitution Of The State Of Arkansas Of 1874
[FONT="]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 ART. 19, ?? 13 REPEALED, CONST.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="][/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.


lrhall41

Submitted by ditchdebt on Thu, 08/16/2012 - 03:23

( Posts: 675 | Credits: )