Browse Arkansas Code titles and sections
4-107-302. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-107-302. Definitions.
As used in this subchapter:
(1) “Authorized user” means a person granted express, implied, or apparent authority to use a cardholder's credit card or credit card number;
(2) “Cardholder” means the named credit card account member and co-applicant who applies for or accepts the terms and conditions of a credit card account;
(3) “Charges” means purchases, cash advances, annual membership fees, delinquent payment fees, insufficient fund fees, over-the-limit credit fees, or other amounts incurred through the use of the credit card;
(4) “Credit card” means an instrument or device, whether known as a credit card, charge card, credit plate, courtesy card, identification card, or by any other name, that:
(A) Is issued by a credit card issuer with or without a fee;
(B) Has an assigned account number; and
(C) Is for the use of the cardholder to obtain money, goods, services, or anything of monetary value, on credit, in possession, or in consideration of an undertaking or guaranty by the credit card issuer of the payment of a check drawn by the cardholder on a promise to pay, in part or in full, at a future time whether or not any part of the indebtedness that is represented by the promise to make a deferred payment is secured or unsecured;
(5) “Credit card account” means a line of credit offered by a credit card issuer to a cardholder for the use of a credit card;
(6) “Credit card agreement” means the terms and conditions governing the use of the credit card account;
(7) “Credit card issuer” means a person who issues a credit card or the agent of a person with respect to a credit card;
(8) “Creditor” means a person, business, financial institution, or commercial enterprise that owns the credit card account;
(9) “Data” means the inf
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-107-302
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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Stable record: arkansas_code:legal_authorities:4-107-302
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2e758d14cc2b8f6e0350fca1b532ba20bffe7858b5f8a1b17b51153da27fd2c6
Source location: content.xml paragraph 37761
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4-107-302. Definitions.
As used in this subchapter:
(1) “Authorized user” means a person granted express, implied, or apparent authority to use a cardholder's credit card or credit card number;
(2) “Cardholder” means the named credit card account member and co-applicant who applies for or accepts the terms and conditions of a credit card account;
(3) “Charges” means purchases, cash advances, annual membership fees, delinquent payment fees, insufficient fund fees, over-the-limit credit fees, or other amounts incurred through the use of the credit card;
(4) “Credit card” means an instrument or device, whether known as a credit card, charge card, credit plate, courtesy card, identification card, or by any other name, that:
(A) Is issued by a credit card issuer with or without a fee;
(B) Has an assigned account number; and
(C) Is for the use of the cardholder to obtain money, goods, services, or anything of monetary value, on credit, in possession, or in consideration of an undertaking or guaranty by the credit card issuer of the payment of a check drawn by the cardholder on a promise to pay, in part or in full, at a future time whether or not any part of the indebtedness that is represented by the promise to make a deferred payment is secured or unsecured;
(5) “Credit card account” means a line of credit offered by a credit card issuer to a cardholder for the use of a credit card;
(6) “Credit card agreement” means the terms and conditions governing the use of the credit card account;
(7) “Credit card issuer” means a person who issues a credit card or the agent of a person with respect to a credit card;
(8) “Creditor” means a person, business, financial institution, or commercial enterprise that owns the credit card account;
(9) “Data” means the information maintained on the cardholder's account by the original creditor, credit card issuer, or succeeding creditor in the regular course of business and transferred as part of an assignment or sales agreement to the present creditor or owner of the account electronically or otherwise from which information the present creditor or owner has compiled;
(10) “Financial institution” means:
(A) A banking institution that may issue credit cards under any state or federal law;
(B) A banking subsidiary owned by a bank holding company as defined in 12 U.S.C. § 1841 or by a savings and loan holding company as defined in 12 U.S.C. § 1467a(a)(1)(D); or
(C) Any federally regulated banking institution;
(11) “Interest” means a payment to compensate a creditor or prospective creditor for making an extension of credit, making available a line of credit, or for a borrower's default or breach of a condition on which credit was extended; and
(12) “Terms and conditions” means the general and special arrangements, provisions, requirements, rules, specifications, and standards that form an integral part of a credit card agreement between the credit card issuer and the cardholder.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions**
(1) **In general** — As used in this section, unless the context otherwise requires—
(A) *Savings association* — The term “savings association” includes a savings bank or cooperative bank which is deemed by the appropriate Federal banking agency to be a savings association under subsection (l).
(B) *Uninsured institution* — The term “uninsured institution” means any depository institution the deposits of which are not insured by the Federal Deposit Insurance Corporation.
(C) *Company* — The term “company” means any corporation, partnership, trust, joint-stock company, or similar organization, but does not include the Federal Deposit Insurance Corporation, the Resolution Trust Corporation, any Federal home loan bank, or any company the majority of the shares of which is owned by the United States or any State, or by an instrumentality of the United States or any State.
(D) *Savings and loan holding company*
(i) *In general* — Except as provided in clause (ii), the term “savings and loan holding company” means any company that directly or indirectly controls a savings association or that controls any other company that is a savings and loan holding company.
(ii) *Exclusion* — The term “savings and loan holding company” does not include—
(I) a bank holding company that is registered under, and subject to, the Bank Holding Company Act of 1956 ([12 U.S.C. 1841](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1841&num=0&edition=prelim) et seq.), or to any company directly or indirectly controlled by such company (other than a savings association);
(II) a company that controls a savings association that functions solely in a trust or fiduciary capacity as described in section 2(c)(2)(D) of the
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1467a
Stored review status: release_metadata_unconfirmed. The source passage cites 12 U.S.C. § 1467a. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 394
TITLE 12—BANKS AND BANKING
§ 1467a
by subsections (a) and (b) of this section shall take ef-
fect on December 31, 1987.
‘‘(B) COMPLIANCE AT A LATER DATE.—If any associa-
tion or insured institution demonstrates to the satis-
faction of the Home Loan Bank Board or the Federal
Savings and Loan Insurance Corporation, as the case
may be, that it is not feasible for such association or
institution to achieve compliance with the regula-
tions referred to in subparagraph (A) by the date con-
tained in such subparagraph, the Board or Corpora-
tion may approve a plan submitted by an association
or insured institution which allows such association
or institution to comply with such regulations at a
later date to the extent such later date is the earlier
of—
‘‘(i) the date by which, in the determination of
the Board or Corporation, it is feasible for such as-
sociation or insured institution to achieve compli-
ance with such regulations; or
‘‘(ii) December 31, 1993.’’
SUNSET AND SAVINGS PROVISION
Subsec. (a)(2), (3), (5) ceases to be effective on date
that notice of completion of all net new borrowing by
Financing Corporation is published in Federal Register
[Mar. 30, 1992, 57 F.R. 10763], with such termination not
to be construed to affect or limit any authority of Fed-
eral Home Loan Bank Board or Federal Savings and
Loan Insurance Corporation to prescribe any regula-
tion or engage in any activity with respect to any asso-
ciation or insured institution under any other provi-
sion of law, see section 416 of Pub. L. 100–86, set out as
a note under section 1441 of this title.
§ 1467a. Regulation of holding companies
(a) Definitions
(1) In general
As used in this section, unless the context
otherwise requires—
(A) Savings association
The term ‘‘sav
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1467a
Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 1467a. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) Except as provided in paragraph (5) of this subsection, “bank holding company” means any company which has control over any bank or over any company that is or becomes a bank holding company by virtue of this chapter.
(2) Any company has control over a bank or over any company if—
(A) the company directly or indirectly or acting through one or more other persons owns, controls, or has power to vote 25 per centum or more of any class of voting securities of the bank or company;
(B) the company controls in any manner the election of a majority of the directors or trustees of the bank or company; or
(C) the Board determines, after notice and opportunity for hearing, that the company directly or indirectly exercises a controlling influence over the management or policies of the bank or company.
(3) For the purposes of any proceeding under paragraph (2)(C) of this subsection, there is a presumption that any company which directly or indirectly owns, controls, or has power to vote less than 5 per centum of any class of voting securities of a given bank or company does not have control over that bank or company.
(4) In any administrative or judicial proceeding under this chapter, other than a proceeding under paragraph (2)(C) of this subsection, a company may not be held to have had control over any given bank or company at any given time unless that company, at the time in question, directly or indirectly owned, controlled, or had power to vote 5 per centum or more of any class of voting securities of the bank or company, or had already been found to have control in a proceeding under paragraph (2)(C).
(5) Notwithstanding any other provision of this subsection—
(A) No bank and no company owning or controlling voting shares of a bank is a bank hold
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1841
Stored review status: release_metadata_unconfirmed. The source passage cites 12 U.S.C. § 1841. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 1216
TITLE 12—BANKS AND BANKING
§ 1841
Sec.
1842.
Acquisition of bank shares or assets.
1843.
Interests in nonbanking organizations.
1844.
Administration.
1845.
Repealed.
1846.
Reservation of rights to States.
1847.
Penalties.
1848.
Judicial review.
1848a.
Repealed.
1849.
Saving provision.
1850.
Acquisition of subsidiary and tying arrange-
ment: Federal Reserve Board proceedings;
application for authorization; competitor as
party in interest and person aggrieved; judi-
cial review.
1850a.
Securities holding companies.
1851.
Prohibitions on proprietary trading and cer-
tain relationships with hedge funds and pri-
vate equity funds.
1852.
Concentration limits on large financial firms.
§ 1841. Definitions
(a)(1) Except as provided in paragraph (5) of
this subsection, ‘‘bank holding company’’ means
any company which has control over any bank
or over any company that is or becomes a bank
holding company by virtue of this chapter.
(2) Any company has control over a bank or
over any company if—
(A) the company directly or indirectly or
acting through one or more other persons
owns, controls, or has power to vote 25 per
centum or more of any class of voting securi-
ties of the bank or company;
(B) the company controls in any manner the
election of a majority of the directors or
trustees of the bank or company; or
(C) the Board determines, after notice and
opportunity for hearing, that the company di-
rectly or indirectly exercises a controlling in-
fluence over the management or policies of the
bank or company.
(3) For the purposes of any proceeding under
paragraph (2)(C) of this subsection, there is a
presumption that any company which directly
or indirectly owns, controls, or has power to
vote less than 5 per centum of any
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1841
Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 1841. This identifies an authority to review, not proof of applicability.