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18-16-411. Conditions and limitations for imposing late fees.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-16-411. Conditions and limitations for imposing late fees.
(a) If the amount of a late fee and the conditions for imposing a late fee are stated in the rental agreement or in an addendum to the rental agreement, the operator may impose a late fee on the occupant for each month the occupant does not pay rent when due that does not exceed the greater of:
(1) Thirty dollars ($30.00) per month; or
(2) Twenty percent (20%) of the amount of monthly rent.
(b) Expenses incurred as a result of rent collection or lien enforcement by an operator may be charged to the occupant in addition to the late fees permitted by this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-16-411
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:18-16-411
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 37c16d42414e2abfbef6ed8f79c78e29a189ce7016e83e66bdc99bbf3458593c
Source location: content.xml paragraph 5659
Stored source content
18-16-411. Conditions and limitations for imposing late fees.
(a) If the amount of a late fee and the conditions for imposing a late fee are stated in the rental agreement or in an addendum to the rental agreement, the operator may impose a late fee on the occupant for each month the occupant does not pay rent when due that does not exceed the greater of:
(1) Thirty dollars ($30.00) per month; or
(2) Twenty percent (20%) of the amount of monthly rent.
(b) Expenses incurred as a result of rent collection or lien enforcement by an operator may be charged to the occupant in addition to the late fees permitted by this section.
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