Judges: MARK PRYOR, Attorney General
Filed Date: 4/29/2002
Status: Precedential
Modified Date: 7/5/2016
The Honorable Bob Mathis State Representative 106 Leigh Circle Hot Springs, Arkansas 71901-7760
Dear Representative Mathis:
I am writing in response to your request for an opinion on whether a particular out-of-state corporation that conducts business with Arkansas contractors is subject to Arkansas usury law when it enters into loan transactions with Arkansas contractors. You note that an official with this corporation understands that Arkansas usury law does not apply if the corporation chooses a foreign state's law to govern a particular transaction, citing A.C.A. §
RESPONSE
I must decline to provide an opinion on this question. I am prohibited by statute from the private practice of law. A.C.A. §
Sincerely,
MARK PRYOR Attorney General