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Ark. Code Ann. § 4-115-103

Applicability and exclusions

Acts 2007, No. 911, § 1; 2009, No. 624, § 2.

(1) Nothing contained in this chapter shall: 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.

(3) This chapter does not apply to: A contract entered into before August 1, 2007;

(4) 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

(5) 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.

(6) The obligations under this chapter are cumulative and do not limit the obligations imposed under any other state or federal law.

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.