Personal loans in Arkansas
Consumer lending in Arkansas is regulated by the Arkansas State Bank Department. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.
Lending rules in Arkansas
| Payday lending | Prohibited. Arkansas repealed its pre-existing payday lending statute in 2011.Source: National Conference of State Legislatures · as of 2023 |
|---|---|
| Small-loan / installment licensing | State consumer-loan license requirement: No. Statutory basis: Ark. Code Ann. §§ 4-57-101 et seq. Licensing administered through NMLS: N/A.Source: Conference of State Bank Supervisors · as of 2026 |
| Interest rate cap (usury limit) | Usury limit: 17% (Ark. Const. Amendment 89, §3). Finance rates and fees for licensed lenders: 17% per year. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026 |
| Consumer lending regulator | Consumer lenders in Arkansas are licensed and supervised by the Arkansas State Bank Department.Source: Conference of State Bank Supervisors · as of 2026 |
| Debt collection rules | Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Arkansas Office of the Attorney General. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: Arkansas Office of the Attorney General · as of 2026 |
| Military lending protections | The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024 |
| Complaint / licensing lookup | Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the Arkansas State Bank Department; consumers can file complaints with the Arkansas State Bank Department or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026 |
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Cities in Arkansas
Little RockFayettevilleFort SmithSpringdaleJonesboroConwayRogersNorth Little RockBentonvillePine BluffHot SpringsBentonSherwoodBella VistaTexarkanaJacksonvilleParagouldRussellvilleCabotWest MemphisVan BurenSearcyBryantMaumelleEl DoradoCentertonSiloam SpringsHot Springs VillageMarionBlythevilleForrest CityHarrisonMountain HomeMagnoliaBatesvilleCamdenMalvernArkadelphiaHelena-West HelenaLowellGreenwoodClarksvilleHopeMonticelloStuttgartWynneBeebeNewportFarmingtonTrumannPocahontasOsceolaHeber SpringsMorriltonPrairie GrovePea RidgeEast EndDe QueenWardAlmaGreenbrierMenaBerryvilleWhite HallWarrenWalnut RidgeCave SpringsCherokee VillageSheridanCrossettBarlingPineyTontitownDardanelleShannon HillsViloniaRockwellAshdownSouthsideNashvilleLonokeDumasHaskellMcGeheeBrooklandGibsonBoonevilleGentryMariannaManilaPiggottJohnsonElkinsOzarkFordyceGravetteAustinLandmarkAlexanderWaldronParisCorningWest ForkPottsvillePrescottDeWittGreen ForestLittle FlockGosnellElm SpringsAtkinsMountain ViewHuntsvilleNorth CrossettBrinkleyHarrisburgHamburgHoxieDermottCharlestonHoliday IslandBald KnobClintonEnglandGoshenLavacaBonoHorseshoe BendLeachvilleBayDoverGassvilleMayflowerCave CityCarlislePrairie CreekLincolnEudoraLake VillageSalemKensettFairfield BayEureka SpringsJudsoniaMarked TreeLake CityDanvilleGurdonAugustaCalico RockSmackoverMelbourneStar CityLake HamiltonRectorEarleGlenwoodMurfreesboroLepantoTuckermanHazenMcCroryBull ShoalsCedarvilleMarmadukeWrightsvilleLamarStampsGreenlandMulberryClarendonHamptonMarshallDecaturHighfillRedfieldDes ArcWaldoPerryvilleMcAlmontKiblerNewarkMonetteFlippinAsh FlatSweet HomeEast CamdenOak Grove HeightsWoosterMidwayCarawayAvillaMarvellSwiftonMansfieldMount IdaDiazWest CrossettYellvilleMagnet CoveHighlandSulphur SpringsMammoth SpringMineral SpringsForemanGenoaWilsonWickesLuxoraRolandHoratioCotter
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