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4-106-205. Right to rescind contract — No waiver of claims.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-106-205. Right to rescind contract — No waiver of claims.
(a) In addition to any other right to revoke an offer, a buyer who enters into a contract for the purchase of a health-related discount card or other purchasing mechanism or device has the absolute right to cancel the contract and receive a full refund without penalty until midnight of the thirtieth calendar day after the effective date of the card or other purchasing mechanism or device.
(b) The acceptance or use of any card or other purchasing mechanism or device is not a waiver of:
(1) Any claim that may be asserted under this subchapter or under § 4-88-101 et seq.; or
(2) Any other applicable criminal, civil, or administrative penalties.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-106-205
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:4-106-205
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ed695306db223df0326df38fcbf0cdb8613d853d3f448588025349882539948a
Source location: content.xml paragraph 37665
Stored source content
4-106-205. Right to rescind contract — No waiver of claims.
(a) In addition to any other right to revoke an offer, a buyer who enters into a contract for the purchase of a health-related discount card or other purchasing mechanism or device has the absolute right to cancel the contract and receive a full refund without penalty until midnight of the thirtieth calendar day after the effective date of the card or other purchasing mechanism or device.
(b) The acceptance or use of any card or other purchasing mechanism or device is not a waiver of:
(1) Any claim that may be asserted under this subchapter or under § 4-88-101 et seq.; or
(2) Any other applicable criminal, civil, or administrative penalties.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
4-88-101. Applicability of chapter.
This chapter does not apply to:
(1) Advertising or practices which are subject to and which comply with any rule, order, or statute administered by the Federal Trade Commission;
(2) Broadcasters, printers, publishers, and other persons engaging in the dissemination of information who do not have actual knowledge of the intent, design, purpose, or deceptive nature of the advertising or practice;
(3) Actions or transactions specifically permitted under laws administered by the Insurance Commissioner, the Securities Commissioner, the State Highway Commission, the Bank Commissioner, or other regulatory body or officer acting under statutory authority of this state or the United States, unless a director of these divisions specifically requests the Attorney General to implement the powers of this chapter; or
(4) Actions or transactions of a public utility which have been authorized by the Arkansas Public Service Commission, a municipal authority, the Federal Energy Regulatory Commission, the Federal Communications Commission, or other regulatory body or officer acting under statutory authority of the United States.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-88-101
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. The source passage cites 4-88-101. This identifies an authority to review, not proof of applicability.