{"data":{"id":"us-ar/ark.-code-ann.-23-36-112","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-36-112","heading":"Late charge for default in payment","body":"Industrial loan institutions are authorized under this chapter to impose a late charge of five cents (5¢) for each default of the payment of one dollar ($1.00), or a fraction thereof, at the time any periodical installment upon a certificate assigned as collateral security for the payment of a loan, under § 23-36-108 , after payment becomes due. The late charges shall not be cumulative.","path":["AR Code","Title 23","Chapter 36"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"2e9da32ff963ad29032798179037937d3b1cbc698fccad28e40180422c07a883","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-36-111","next":"us-ar/ark.-code-ann.-23-36-113"},"notice":"GroundRules: Original legal text. Not legal advice."}