(a) Whenever any person, company, or corporation furnishing customers with freight or parcel delivery service shall require a deposit from the customer before the delivery service will be supplied to him or her, the person putting up the deposit shall receive interest annually on the deposit until it is returned to the customer, provided all bills due for services furnished have been paid by the customer.
(b) The annual rate of interest shall be ten percent (10%) per year and shall be paid on or before December 31 of each year.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 7 - Consumer Protection
Chapter 86 - General Provisions
§ 4-86-101. Breach of warranty — Liability
§ 4-86-103. Unsolicited merchandise
§ 4-86-104. Interest on deposits for freight and parcel delivery services
§ 4-86-105. Grave markers or headstones
§ 4-86-106. Automatic renewal of professional home security contracts prohibited
§ 4-86-107. Prohibiting the misappropriation of social security numbers
§ 4-86-109. Automatic lease agreement renewal — Notice required — Definition