Arkansas Code § 5-63-305

Debt adjusting law - Exclusions
Open in Lexace · Ask the AI about this section
The following persons are not considered a debt adjuster for the purposes of this subchapter: (1) An attorney at law; (2) A bank, fiduciary, or financing and lending institution as authorized and admitted to transact business in this state and performing credit and financial adjusting services in the regular course of its principal business; (3) A title insurer or abstract company, while doing an escrow business; (4) An employer, for its employees; (5) A judicial officer or another person acting pursuant to court order; (6) A nonprofit organization giving debt management service without fee or charge or with a fee if the fee is in an amount not to exceed the amount of actual expenses incurred in offering the debt management service; and (7) An association, for its members. Acts 1967, No. 61, § 5; 1983, No. 189, § 2; A.S.A. 1947, § 41-4161.
The following persons are not considered a debt adjuster for the purposes of this subchapter: (1) An attorney at law; (2) A bank, fiduciary, or financing and lending institution as authorized and admitted to transact business in this state and performing credit and financial adjusting services in the regular course of its principal business; (3) A title insurer or abstract company, while doing an escrow business; (4) An employer, for its employees; (5) A judicial officer or another person acting pursuant to court order; (6) A nonprofit organization giving debt management service without fee or charge or with a fee if the fee is in an amount not to exceed the amount of actual expenses incurred in offering the debt management service; and (7) An association, for its members. Acts 1967, No. 61, § 5; 1983, No. 189, § 2; A.S.A. 1947, § 41-4161.
The following persons are not considered a debt adjuster for the purposes of this subchapter: (1) An attorney at law; (2) A bank, fiduciary, or financing and lending institution as authorized and admitted to transact business in this state and performing credit and financial adjusting services in the regular course of its principal business; (3) A title insurer or abstract company, while doing an escrow business; (4) An employer, for its employees; (5) A judicial officer or another person acting pursuant to court order; (6) A nonprofit organization giving debt management service without fee or charge or with a fee if the fee is in an amount not to exceed the amount of actual expenses incurred in offering the debt management service; and (7) An association, for its members. Acts 1967, No. 61, § 5; 1983, No. 189, § 2; A.S.A. 1947, § 41-4161.
The following persons are not considered a debt adjuster for the purposes of this subchapter:
(1) An attorney at law;
(2) A bank, fiduciary, or financing and lending institution as authorized and admitted to transact business in this state and performing credit and financial adjusting services in the regular course of its principal business;
(3) A title insurer or abstract company, while doing an escrow business;
(4) An employer, for its employees;
(5) A judicial officer or another person acting pursuant to court order;
(6) A nonprofit organization giving debt management service without fee or charge or with a fee if the fee is in an amount not to exceed the amount of actual expenses incurred in offering the debt management service; and
(7) An association, for its members.
Acts 1967, No. 61, § 5; 1983, No. 189, § 2; A.S.A. 1947, § 41-4161.

‹ Prev All Arkansas sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.