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2017 Arkansas Code
Title 5 - Criminal Offenses
Subtitle 6 - Offenses Against Public Health, Safety, or Welfare
Chapter 63 - Business Misconduct
Subchapter 3 - Debt Adjusting
§ 5-63-305. Debt adjusting law -- Exclusions
Universal Citation: AR Code § 5-63-305 (2017)
- The following persons are not considered a debt adjuster for the purposes of this subchapter:
- (1) An attorney at law;
- (2) A bank, fiduciary, or financing and lending institution as authorized and admitted to transact business in this state and performing credit and financial adjusting services in the regular course of its principal business;
- (3) A title insurer or abstract company, while doing an escrow business;
- (4) An employer, for its employees;
- (5) A judicial officer or another person acting pursuant to court order;
- (6) A nonprofit organization giving debt management service without fee or charge or with a fee if the fee is in an amount not to exceed the amount of actual expenses incurred in offering the debt management service; and
- (7) An association, for its members.
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