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Arkansas Code of 1987 (2023)
Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105)
Subtitle 7 - CONSUMER PROTECTION (§§ 4-86-101 — 4-119-105)
Chapter 115 - CREDIT CARD PROCESSING SERVICE (§§ 4-115-101 — 4-115-103)
Section 4-115-103 - Applicability and exclusions
Universal Citation:
AR Code § 4-115-103 (2023)
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- (a) Nothing contained in this chapter shall:
- (1) Affect the jurisdiction of state or federal bank regulators over the regulation of credit card processing services provided by state or national banks; or
- (2) Limit the rights or remedies that are otherwise available to a person or an entity that has contracted with a credit card processing service.
- (b) This chapter does not apply to:
- (1) A contract entered into before August 1, 2007;
- (2) A state bank, a national bank, or a savings association, each as defined in 12 U.S.C. § 1813, as it existed on January 1, 2009; or
- (3) The parent, affiliate, or subsidiary of a state bank, a national bank, or a savings association, each as defined in 12 U.S.C. § 1813, as it existed on January 1, 2009.
- (c) The obligations under this chapter are cumulative and do not limit the obligations imposed under any other state or federal law.
Acts 2007, No. 911, § 1; 2009, No. 624, § 2.
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