by Timothy W. Grooms |
“This survey is designed to provide commercial lenders and businesses contemplating the extension of credit to Arkansas borrowers a general overview of various issues of Arkansas law which affect commercial lending relationships. Neither Arkansas law governing consumer lending transactions nor issues of federal law are addressed in this survey. Because of the breadth of the topic, we cannot in this limited survey deal comprehensively with every issue that may arise in the context of a commercial lending transaction. Therefore, lenders should not rely solely on this survey for answers to questions involving the application of Arkansas law to a specific set of facts.”
Note: The above is an excerpt from the American Bar Association’s Commercial Lending Law: A State-by-State Guide. ©2009. Click the link below to read the actual publication.