Browse Arkansas Code titles and sections
23-54-109. Remedies.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-54-109. Remedies.
(a) A lender who fails to make loan advances as required in the loan documents shall pay the borrower triple the amount wrongfully withheld plus interest at the maximum legal rate.
(b) No arrangement, transfer, or lien subject to this chapter shall be invalidated solely because of the failure of a lender to comply with any provision of this chapter.
(c) Nothing in this section shall preclude the application of any other civil remedy provided by law.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-54-109
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:23-54-109
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: cf3c80c5a2d7d7d0ae4779b20716e70a997d13a13d57bb33efbfe1bd9a7ab098
Source location: content.xml paragraph 26599
Stored source content
23-54-109. Remedies.
(a) A lender who fails to make loan advances as required in the loan documents shall pay the borrower triple the amount wrongfully withheld plus interest at the maximum legal rate.
(b) No arrangement, transfer, or lien subject to this chapter shall be invalidated solely because of the failure of a lender to comply with any provision of this chapter.
(c) Nothing in this section shall preclude the application of any other civil remedy provided by law.
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