Key facts
| Measure | Value | Year |
|---|---|---|
| civil damages rule[1] | Twice the amount of the check but not less than $50, plus a collection fee of up to $30 and any bank fees, if not paid within 30 days of a certified-mail demand, under Ark. Code Ann. Section 4-60-103. | 2011 |
| felony threshold amount[2] | 1,000 | 2011 |
| misdemeanor penalty[2] | For a bad check of $1,000 or less, Ark. Code Ann. Section 5-37-305 sets escalating unclassified-misdemeanor fines from $50 up to $2,000 depending on whether it is a first, second, or third offense. | 2011 |
| notice period days[1] | 30 | 2011 |
| prosecution notice requirement[1] | The check writer must receive written notice and has 10 days to pay the amount due plus the service charge before nonpayment supports a presumption of intent to defraud for prosecution, under Arkansas law. | 2011 |
| service fee max[1] | 30 | 2011 |
| statute citation[2] | Ark. Code Ann. Section 5-37-302 | 2011 |
Lending rules in Arkansas: Arkansas lending laws.
Sources
- Arkansas General Assembly. Act 1012 of 2011, Arkansas General Assembly, amending Ark. Code Ann. Section 4-60-103.
- Arkansas General Assembly. Act 570 of 2011, Arkansas General Assembly, amending Ark. Code Ann. Section 5-37-302.