12-62-709. Exercise of rights not to affect future financial transactions.

Arkansas Code — all titles (historical 2020) · legal_authorities

12-62-709. Exercise of rights not to affect future financial transactions.

12-62-709. Exercise of rights not to affect future financial transactions. Application by a service member in military service for, or receipt of, a stay, postponement, or suspension under this subchapter in the payment of any fine, penalty, insurance premium, or other civil obligation or liability may not be used for any of the following: (1) A determination by any lender or other person that the service member is unable to pay any civil obligation or liability in accordance with its terms; (2) With respect to a credit transaction between a creditor and a service member: (A) A denial or revocation of credit by the creditor; (B) A change by the creditor in the terms of an existing credit arrangement; or (C) A refusal by the creditor to grant credit to the service member in substantially the amount or on substantially the terms requested; or (3) An adverse report relating to the creditworthiness of the service member by or to any person or entity engaged in the practice of assembling or evaluating consumer credit information.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 12-62-709

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.