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Ark. Code Ann. § 5-63-303

Debt adjusting — Injunction against operation — Receivership

Acts 1967, No. 61, § 3; A.S.A. 1947, § 41-4159.

(1) In an action brought in the name of the state by a prosecuting attorney within his or her district or by the Attorney General, a circuit court has jurisdiction to enjoin any person from: Acting, offering to act, or attempting to act as a debt adjuster; or

(2) Engaging in the business of debt adjusting.

(3) In an action under subsection (a) of this section, the circuit court may appoint a receiver for the property and money employed in the transaction of business by the person as a debt adjuster, to ensure, so far as may be possible, the return to debtors of so much of their money and property as has been received by the debt adjuster and has not been paid to the creditors of the debtors.

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.