(a) Except as provided in subsection (b) of this section, no new or used automobile dealer shall include in the contract for the sale of a motor vehicle a provision requiring the purchaser to submit a disputed matter to:
(1) Binding arbitration; or
(2) A forum outside the county in which the dealer resides or does business.
(b)
(1)
(A) The purchaser of a motor vehicle may knowingly and voluntarily agree to submit to binding arbitration only by signing a separate document entitled in bold print “Waiver of Purchaser's Right to Sue” containing a written waiver specifically acknowledging the purchaser's relinquishment of the right to have any dispute over the sale or operation of the motor vehicle decided by a court of law.
(B) The purchaser of a motor vehicle may knowingly and voluntarily agree to submit to a forum outside the dealer's residence or place of business only by signing a separate document entitled in bold print “Waiver of Purchaser's Choice of Forum” containing a written waiver specifically acknowledging the purchaser's relinquishment of the right to have any dispute over the sale or operation of the motor vehicle decided by a court or arbitrator in the county in which the seller resides or does business.
(2) A waiver described in subdivision (b)(1)(A) or (B) of this section shall not be enforceable unless contained in a separate document.
(c) A purchaser who refuses to sign a waiver described in subsection (b) of this section shall not be denied the right to purchase a motor vehicle at the price agreed upon by the purchaser and the seller.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 6 - Business Practices
Subchapter 4 - Automobile Dealer's Anti-Coercion Act
§ 4-75-403. Subchapter cumulative
§ 4-75-404. Penalties — Persons subject to penalties
§ 4-75-405. Forfeiture of charter rights, etc., and dissolution for violations — Proceedings
§ 4-75-406. Foreign corporations violating subchapter prohibited from doing business
§ 4-75-407. Contracts violating subchapter void
§ 4-75-408. Exclusive financing agreements — Prohibition
§ 4-75-409. Exclusive financing agreements — Threats as prima facie evidence
§ 4-75-411. Unlawful subsidies or discrimination
§ 4-75-412. Actions by injured parties
§ 4-75-413. Arbitration and forum selection clauses in the sale of motor vehicles