Arkansas § 15-5-1106 - Loss reserve accounts — Limitation on amount.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-5-1106 — Loss reserve accounts — Limitation on amount., with citation guidance and answers to common questions.
§ 15-5-1106. Loss reserve accounts — Limitation on amount.
The Arkansas Development Finance Authority shall establish a loss reserve account for each financial institution with which the authority makes a contract. The loss reserve account for a financial institution shall consist of moneys paid in fees by borrowers and the financial institution and moneys transferred to the account from the Capital Access Fund. The authority may establish and maintain loss reserve accounts with any financial institution under such policies as the authority may adopt. All moneys in a loss reserve account are the property of the authority.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-5-1106
What does Arkansas Code of 1987 Annotated § 15-5-1106 cover?
Section 15-5-1106 ("Loss reserve accounts — Limitation on amount.") 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 § 15-5-1106?
A common citation format is "Arkansas Code of 1987 Annotated § 15-5-1106" (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 § 15-5-1106 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.