Source: http://www.myfairdebt.com/forum/viewtopic.php?f=7&p=150
Timestamp: 2020-02-22 22:11:29
Document Index: 572448036

Matched Legal Cases: ['§ 17', '§ 17', '§ 25', '§ 17', '§ 17', '§ 17', '§ 17', '§ 17', '§ 17']

Board index » State Debt Collection Statutes, Cases and Laws » Arkansas: Debt Collection Act
Fair Debt Collection Practices Guide
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Arkansas Code Title 17, Chapter 24, Section 203 (17-24-203)
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Posted: Thu Jul 20, 2006 6:10 pm
Arkansas State Statute Regulating Debt Collection / Debt Collectors
17-24-101. Definition.
17-24-102. Exemptions.
(a) The provisions of this chapter shall not be applicable to: (1) Regular employees of a single creditor; (2) Banks; (3) Trust companies; (4) Savings and loan associations; (5) Abstract companies doing an escrow business; (6) Licensed real estate brokers and agents when the claims or accounts being handled by the broker or agent are related to or in connection with the broker's or agent's regular real estate business; (7) Express and telegraph companies subject to public regulation and supervision; (8) Attorneys at law handling claims and collections in their own names and not operating a collection agency under the management of a layman or under names other than their own; (9) Persons, firms, corporations, or associations handling claims, accounts, or collections under an order of any court. However, child support collection agencies not operating pursuant to Title IV-D of the Social Security Act are not exempt from this chapter and shall be subject to licensure; and (10) Any person, firm, corporation, or association which, for a valuable consideration, purchases accounts, claims, or demands of another which were not in default or delinquent at the time of acquisition and then, in such purchaser's own name, proceeds to assert or collect the accounts, claims, or demands.
(b) Nothing in Â§Â§ 17-24-301, 17-24-309, 17-24-401, or this section with respect to licensure by the State Board of Collection Agencies, or limitations of fees for collection services, shall include or be applicable to attorneys at law licensed to practice in the State of Arkansas who are engaged in rendering legal services for clients in the collection of accounts, debts, or claims, nor shall Â§Â§ 17-24-301, 17-24-309, 17-24-401, or this section amend or repeal in any way the exemptions set out in subsection (a) of this section.
17-24-103. Penalties.
17-24-104. Sanctions.
17-24-105. Remedies.
When any person, partnership, corporation, or association engages in the business activities of a collection agency without a valid license issued pursuant to this chapter or has had the license revoked, suspended, or refused, in accordance with the provisions of this subchapter, the State Board of Collection Agenices shall have the right to petition the circuit court in the jurisdiction in which the collection activity has occurred and, upon affidavit, secure a writ of injunction, without bond, restraining and prohibiting the person, partnership, corporation, or association from operating the collection agency.
17-24-201. Creation - Members.
(a)(1) There is created a State Board of Collection Agencies composed of five (5) members to be appointed by the Governor. (2) The members shall serve three-year terms without compensation except they may receive expense reimbursement and stipends in accordance with Â§ 25-16-901 et seq.
(2) One (1) member, who shall not be a member of either such association, shall be selected from the public at large.
(3)(A) One (1) member shall represent the elderly and shall be sixty (60) years of age or older.
17-24-301. License required.
17-24-302. Qualifications - Restriction.
(2) If a partnership, the names of the partners, their ages, s*, and their business address are provided, and the members of the partnership are at least twenty-one (21) years of age; and
17-24-307. Grounds for revocation, suspension, or refusal.
17-24-309. Collection charges - Limits.
(a) No person, partnership, association, or corporation mentioned in Â§ 17-24-301 shall charge as a collection charge or fee an amount in excess of fifty percent (50%) of the total amount actually collected on all accounts held by the person, partnership, association, or corporation for collection for any one (1) client, nor more than fifty percent (50%) of the total amount actually collected on any one (1) account, nor shall a minimum charge in excess of one dollar ($1.00) be made on any partially or totally collected account.
17-24-310. Annual notice to client of accounting requirement.
17-24-401. "Long arm" jurisdiction.
Any nonresident person, partnership, association, or any foreign corporation not authorized to do business in this state whose sole business contact with this state is the soliciting of accounts in this state by mail, telephone, telegraph, or by other like means originating outside this state, or the taking or accepting for collection of any account or accounts in this state by such means, shall by such acts.
(1) Subject himself or herself to the jurisdiction of the proper courts of this state under the procedure provided in Â§Â§ 17-24-403 and 17-24-404 on any cause of action arising out of or connected with the collection of any such account or accounts;
(2) Be deemed to have consented to comply with the maximum collection charges or fees provided in Â§ 17-24-309; and
(3) Be deemed to have consented to and designated the Secretary of State to be the true and lawful attorney of the person, partnership, association, or corporation upon whom may be served all legal process in any action, suit, or proceeding in any court by any resident of this state arising out of or connected with the collection of any such account or accounts. Such acts shall be signification of its agreement that any legal process in any court action or suit so served shall be of the same legal force and validity as personal service of process in this state upon the person, partnership, association, or corporation. Service of process shall be made upon the Secretary of State pursuant to Â§ 17-24-403.
17-24-403. Service of process.
(a) Service of process in the action, suit, or proceeding in any court as authorized by Â§ 17-24-401(3) shall be made by leaving three (3) copies in the office of the Secretary of State along with a notification that service is being effected pursuant to Â§ 17-24-401, and by paying the Secretary of State the sum of twenty-five dollars ($25.00). A certificate by the Secretary of State showing service and attached to the copy of the process presented to him or her for that purpose shall be sufficient evidence of the service. Service upon the Secretary of State as attorney shall be service upon the principal.
Website: http://www.arkleg.state.ar.us