Lien
Known as the Reverse Mortgage Protection Act
The act spans §§ 23-54-101 to 23-54-109 (9 sections).
Acts 2005, No. 2166, § 1.
(1) A reverse mortgage shall constitute a lien against the subject property to the extent of all advances made under the reverse mortgage and all interest accrued on the advances.
(2) The lien shall have priority over any lien filed after recordation of the reverse mortgage.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.