Arkansas § 12-62-713 - Maximum rate of interest for state active military service.
Full text of Arkansas Arkansas Code of 1987 Annotated § 12-62-713 — Maximum rate of interest for state active military service., with citation guidance and answers to common questions.
§ 12-62-713. Maximum rate of interest for state active military service.
An obligation or liability bearing interest at a rate in excess of six percent (6%) per year incurred by a service member in military service before his or her entry into state active military service may not bear interest at a rate in excess of six percent (6%) per year during any part of the period of military service unless, in the opinion of the court and upon application to the court by the obligee, the ability of the service member to pay interest on the obligation or liability at a rate in excess of six percent (6%) per year is not materially affected by reason of his or her service. The court may make any order in the action that, in its opinion, is just.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 12-62-713
What does Arkansas Code of 1987 Annotated § 12-62-713 cover?
Section 12-62-713 ("Maximum rate of interest for state active military service.") 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 § 12-62-713?
A common citation format is "Arkansas Code of 1987 Annotated § 12-62-713" (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 § 12-62-713 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.