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Arkansas Equal Consumer Credit Act

Title 4 Business and Commercial Law
Subtitle 7 Consumer Protection
Chapter 87 Arkansas Equal Consumer Credit Act

4-87-101. Title.

4-87-102. Statute of limitations.

4-87-103. Class actions prohibited.

4-87-104. Discrimination based on sex or marital status unlawful.

4-87-105. Damages.

4-87-101. Title.

This chapter shall be known and may be cited as the "Arkansas Equal Consumer Credit Act of 1975".

4-87-102. Statute of limitations.

Any action brought under the provisions of this chapter may be brought in any court of competent jurisdiction in this state during a period of one (1) year commencing on the date of occurrence of the violation.

4-87-103. Class actions prohibited.

No class action may be filed under the provisions of this chapter.

4-87-104. Discrimination based on sex or marital status unlawful.

It shall be unlawful for any creditor or credit card issuer to discriminate between equally qualified individuals solely on the basis of sex or marital status with respect to the approval or denial of terms of credit in connection with any consumer credit sale whether or not under an open-end credit plan, consumer loan, or any other extension of consumer credit, or with respect to the issuance, renewal, denial, or terms of any credit card.

4-87-105. Damages.

Any creditor or credit card issuer who discriminates against any individual in a manner prohibited by § 4-87-104 is liable to the individual for damages in an amount equal to the sum of:

(1) In a successful action to enforce the provisions of this chapter, not less than one hundred dollars ($100) nor more than five hundred dollars ($500); and

(2) In the case of any successful action to enforce the foregoing liability, the costs of the action together with a reasonable attorney's fee as determined by the court.

AR Arkansas Official State Statutes

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