Arkansas § 2-7-310 - Release of creditor — Effective period.

§ 2-7-310. Release of creditor — Effective period.

The Director of the Arkansas Farm Mediation Program shall issue a release upon request to any creditor who has paid any required fees and: Who has attended an initial mediation meeting under § 2-7-301 or § 2-7-307; Who has served a mediation notice on the farmer and the farmer has not requested mediation within the time allowed; When the farmer has waived mediation with respect to that creditor or the agricultural property at issue; When the agricultural property has been abandoned by the farmer; In the discretion of the director if the default is other than monetary; When ordered to do so by a court upon a finding by the court that mediation would be unduly burdensome and an extreme hardship on the creditor; Upon the failure of a farmer to appear at a scheduled mediation meeting; or As otherwise provided by rule. A release is effective as to any proceeding commenced or continued or any action taken one (1) year or less after its date of issuance, but a release is not effective as to any proceeding commenced or action taken more than one (1) year after its date of issuance.