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Section 12-62-708 - Fines and penalties on contracts — Arkansas Law | CourtGPT
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  8. Section 12-62-708 - Fines and penalties on contracts
Arkansas Legal Code

Section 12-62-708 - Fines and penalties on contracts

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(a) If compliance with the terms of a contract is stayed under this subchapter, a fine or penalty may not accrue by reason of failure to comply during the period of the stay.(b) If a service member has not obtained a stay and a fine or penalty is imposed for nonperformance of an obligation, a court may relieve enforcement if the service member was in military service when the penalty was incurred and his or her ability to pay or perform was materially impaired.Acts 2003, No. 1003, § 8.