Arkansas
Arkansas Structured Settlement Protection Act
The information below was obtained from public records to assist you in understanding the legal issues associated with selling a structured settlement in your area. However, this should not be considered specific legal advice regarding your situation. We welcome the chance to discuss your situation directly, and encourage you to seek independent legal advice if needed.
Since laws vary from state to state, Client First works with attorneys in your local area and close our transactions in local courts, to ensure the selling of your structured settlement payments goes as smooth as possible. The legal process can be very complex, but we are experts at understanding the process and getting the most cash from your settlement.
Call us at 1-888-594-1195 and we would be happy to explain how the laws in your state protect you. Unlike lawyers, we don't charge you by the hour... in fact we don't charge you anything to get started.
In the state of Arkansas the law provides that the customer lives in the state, and must be approved by local court in state. Approval granted only if the transaction is in the customers best interest. There also exists a 3 day waiting period to protect the customer.
State of Arkansas
85th General Assembly
Regular Session, 2005
As Engrossed: H3/15/05
A Bill
HOUSE BILL 2614
By: Representative Bright
For An Act To Be Entitled AN ACT CONCERNING STRUCTURED SETTLEMENT PROTECTION; AND FOR OTHER PURPOSES.
Subtitle AN ACT CONCERNING STRUCTURED SETTLEMENT PROTECTION.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
SECTION 1. Arkansas Code Title 23, Chapter 81, is amended to add an additional subchapter to read as follows:
23-81-701. Title.
This subchapter shall be known and may be cited as the "Structured Settlement Protection Act".
23-81-702. Definitions.
As used in this subchapter:
(1) â
