The term "check-cashing" in Arkansas refers to two types of transactions: (1) the exchange of cash for a check and (2) a deferred presentment transaction. In a deferred presentment transaction a check-casher not only exchanges cash for a check but also agrees to delay the depositing of the check for a specific length of time. If the customer does not want the check to be deposited, he/she may buy back the check before the deposit date.

The maximum amount of fees that can be charged by a check-casher for cashing a check or delaying the deposit of a check are set by law (see Arkansas Code Annotated §23-52-104). The law requires that customers who participate in a deferred presentment transaction must be given a written statement of the facts of the transaction such as the amount of fees charged, the date the check will be deposited and the annual percentage rate resulting from the transaction.

Licensing Information

• Instructions for Applying for a License - (PDF)
  
• Application Form - (PDF)
• Personal Affidavit - (PDF)
• Authority to Obtain Information from Outside Sources - (PDF)
  
• Surety Bond - (PDF)
• Arkansas Code Annotated 23-52-101
  
• Rules and Regulations -(PDF)

Complaints

• Complaint Form - (PDF)

Some of the information offered on this site requires Adobe Acrobat Reader. You can download it for FREE! Just Click on the link above or on the icon to the right.