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Arkansas Code Title 12. Law Enforcement, Emergency Management, and Military Affairs § 12-62-709. Exercise of rights not to affect future financial transactions

Current as of January 01, 2020 | Updated by FindLaw Staff

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.

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Cite this article: FindLaw.com - Arkansas Code Title 12. Law Enforcement, Emergency Management, and Military Affairs § 12-62-709. Exercise of rights not to affect future financial transactions - last updated January 01, 2020 | https://codes.findlaw.com/ar/title-12-law-enforcement-emergency-management-and-military-affairs/ar-code-sect-12-62-709.html

Read this complete Arkansas Code Title 12. Law Enforcement, Emergency Management, and Military Affairs § 12-62-709. Exercise of rights not to affect future financial transactions on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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