As used in this chapter, unless the context otherwise requires, “industrial loan institution” means any corporation organized under the general corporation laws of this state, which is engaged in lending money, to be paid in weekly, monthly, or other periodical installments or principal sums, as a business. However, this definition shall not be construed to include building and loan associations, commercial banks or savings banks, trust companies, credit unions, pawnbrokers, agricultural or livestock pools, rural credit unions, or farmers cooperative societies.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 36 - Industrial Loan Institutions
§ 23-36-105. Supervision by Bank Commissioner
§ 23-36-106. Statement on call
§ 23-36-107. Examinations and fees
§ 23-36-110. Loans insured by federal government
§ 23-36-112. Late charge for default in payment
§ 23-36-116. Authority of Bank Commissioner to take charge
§ 23-36-117. Classification of creditors — Payment of claims