There is a newer version of the Arkansas Code
2010 Arkansas Code
5-63-303. Debt adjusting -- Injunction against operation -- Receivership.
Title 5 - Criminal Offenses
Subtitle 6 - Offenses Against Public Health, Safety, Or Welfare
Chapter 63 - Business Misconduct
Subchapter 3 - Debt Adjusting
§ 5-63-303 - Debt adjusting -- Injunction against operation -- Receivership.
(a) In an action brought in the name of the state by a prosecuting attorney within his or her district or by the Attorney General, a circuit court has jurisdiction to enjoin any person from:
(1) Acting, offering to act, or attempting to act as a debt adjuster; or
(2) Engaging in the business of debt adjusting.
(b) In an action under subsection (a) of this section, the circuit court may appoint a receiver for the property and money employed in the transaction of business by the person as a debt adjuster, to insure, so far as may be possible, the return to debtors of so much of their money and property as has been received by the debt adjuster and has not been paid to the creditors of the debtors.
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