{"data":{"id":"us-ar/ark.-code-ann.-23-54-103","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-54-103","heading":"Definitions","body":"As used in this chapter, \"reverse mortgage\" means a nonrecourse loan secured by a borrower's principal residence that:\n\n(1) Provides cash advances to a borrower based upon the amount of equity in the borrower's residence; and\n\n(2) Requires no payment of principal or interest until the entire loan becomes due and payable.","path":["AR Code","Title 23","Chapter 54"],"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":"7da85cda4a630289e967f90eafb64cd27e2f783c1e22b38cc87dacb4a9c0aa07","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-54-102","next":"us-ar/ark.-code-ann.-23-54-104"},"notice":"GroundRules: Original legal text. Not legal advice."}