{"data":{"id":"us-ar/ark.-code-ann.-4-92-105","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-92-105","heading":"Agreement - Provisions prohibited and required","body":"(a) A rental-purchase agreement shall not contain a provision: (1) Requiring a confession of judgment; (2) Authorizing a merchant or agent of the merchant to commit a breach of the peace while repossessing merchandise; (3) Waiving a defense, counterclaim, or right the consumer may have against the merchant or an agent of the merchant; or (4) Requiring the purchase of insurance from the merchant to cover the merchandise. (b) A rental-purchase agreement must disclose: (1) Whether the merchandise is new or used; (2) The amount and timing of regular rental payments; (3) The total number of payments necessary and the total amount to be paid to acquire ownership; (4) The amounts and purpose of any other payment, charge, or fee in addition to the regular periodic rental payment; (5) That the consumer does not acquire any ownership rights until the consumer has complied with the ownership terms of the agreement; (6) Whether the consumer is liable for loss or damage to the merchandise, and if so, the maximum amount for which the consumer may be held liable; and (7) Notice of the right to reinstate an agreement as provided in § 4-92-106(a) . Acts 1987, No. 490, §§ 4, 5.\n\n(a) A rental-purchase agreement shall not contain a provision: (1) Requiring a confession of judgment; (2) Authorizing a merchant or agent of the merchant to commit a breach of the peace while repossessing merchandise; (3) Waiving a defense, counterclaim, or right the consumer may have against the merchant or an agent of the merchant; or (4) Requiring the purchase of insurance from the merchant to cover the merchandise.\n\n(1) Requiring a confession of judgment;\n\n(2) Authorizing a merchant or agent of the merchant to commit a breach of the peace while repossessing merchandise;\n\n(3) Waiving a defense, counterclaim, or right the consumer may have against the merchant or an agent of the merchant; or\n\n(4) Requiring the purchase of insurance from the merchant to cover the merchandise.\n\n(b) A rental-purchase agreement must disclose: (1) Whether the merchandise is new or used; (2) The amount and timing of regular rental payments; (3) The total number of payments necessary and the total amount to be paid to acquire ownership; (4) The amounts and purpose of any other payment, charge, or fee in addition to the regular periodic rental payment; (5) That the consumer does not acquire any ownership rights until the consumer has complied with the ownership terms of the agreement; (6) Whether the consumer is liable for loss or damage to the merchandise, and if so, the maximum amount for which the consumer may be held liable; and (7) Notice of the right to reinstate an agreement as provided in § 4-92-106(a) .\n\n(1) Whether the merchandise is new or used;\n\n(2) The amount and timing of regular rental payments;\n\n(3) The total number of payments necessary and the total amount to be paid to acquire ownership;\n\n(4) The amounts and purpose of any other payment, charge, or fee in addition to the regular periodic rental payment;\n\n(5) That the consumer does not acquire any ownership rights until the consumer has complied with the ownership terms of the agreement;\n\n(6) Whether the consumer is liable for loss or damage to the merchandise, and if so, the maximum amount for which the consumer may be held liable; and\n\n(7) Notice of the right to reinstate an agreement as provided in § 4-92-106(a) .","path":["AR Code","Title 4","Chapter 92"],"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":"2713acb10580ade109e2b4da8dd79f875b1d560147132e46f70c36b238635dd6","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-92-104","next":"us-ar/ark.-code-ann.-4-92-106"},"notice":"GroundRules: Original legal text. Not legal advice."}