Arkansas § 12-62-709 - Exercise of rights not to affect future financial transactions.
Full text of Arkansas Arkansas Code of 1987 Annotated § 12-62-709 — Exercise of rights not to affect future financial transactions., with citation guidance and answers to common questions.
§ 12-62-709. Exercise of rights not to affect future financial transactions.
Application by a service member in military service for, or receipt of, a stay, postponement, or suspension under this subchapter in the payment of any fine, penalty, insurance premium, or other civil obligation or liability may not be used for any of the following: A determination by any lender or other person that the service member is unable to pay any civil obligation or liability in accordance with its terms; With respect to a credit transaction between a creditor and a service member: A denial or revocation of credit by the creditor; A change by the creditor in the terms of an existing credit arrangement; or A refusal by the creditor to grant credit to the service member in substantially the amount or on substantially the terms requested; or An adverse report relating to the creditworthiness of the service member by or to any person or entity engaged in the practice of assembling or evaluating consumer credit information.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 12-62-709
What does Arkansas Code of 1987 Annotated § 12-62-709 cover?
Section 12-62-709 ("Exercise of rights not to affect future financial transactions.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 12-62-709?
A common citation format is "Arkansas Code of 1987 Annotated § 12-62-709" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 12-62-709 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.