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Arkansas Code of 1987 (2024)
Title 6 - EDUCATION (§§ 6-1-101 — 6-87-104)
Subtitle 6 - POSTSECONDARY EDUCATION - FINANCIAL ASSISTANCE PROGRAMS (§§ 6-80-101 — 6-85-604)
Chapter 81 - STUDENT LOANS (§§ 6-81-101 — 6-81-2008)
Subchapter 4 - UNIVERSITY OF ARKANSAS REVOLVING LOAN FUND (§§ 6-81-401 — 6-81-409)
Section 6-81-404 - Promissory note - Interest
Universal Citation:
AR Code § 6-81-404 (2024)
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The person securing a loan shall give his or her promissory note with interest to be established by the Board of Trustees of the University of Arkansas which shall be not less than four percent (4%) nor more than eight percent (8%) per annum.
Acts 1925, No. 115, § 3; Pope's Dig., § 13176; Acts 1955, No. 226, § 1; A.S.A. 1947, § 80-2832; Acts 1991, No. 902, § 2.
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