Ark. Code Ann. » Title 17 Chapter 24
Arkansas Code Annotated

Ark. Code Ann. § 17-24-301 (2026)

License required

✓ current as of May 2026
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Unless licensed by the State Board of Collection Agencies under this subchapter it is unlawful to:

  1. Engage in the collection of delinquent accounts, bills, or other forms of indebtedness;
  2. Use a fictitious name or any name other than their own in the collection of their own accounts receivable;
  3. Solicit claims for collection; or
  4. Purchase and attempt to collect delinquent accounts or bills.

History. Acts 1965, No. 145, § 1; 1969, No. 214, § 1; A.S.A. 1947, § 71-2001; Acts 2009, No. 1455, § 6.

Amendments. The 2009 amendment rewrote the section.

Case Notes

Construction.

Supreme Court of Arkansas finds that this section is clear and unambiguous. Simpson v. Cavalry SPV I, LLC, 2014 Ark. 363, 440 S.W.3d 335 (2014).

License Required.

On a certified question posed by a federal district court, the Supreme Court of Arkansas held that an entity that purchased delinquent accounts and filed lawsuits on its behalf in Arkansas was attempting to collect and, thus, was required to be licensed by the Arkansas State Board of Collection Agencies pursuant to subdivision (4) of this section. Simpson v. Cavalry SPV I, LLC, 2014 Ark. 363, 440 S.W.3d 335 (2014).

Notes of Decisions
Cited in 4 cases, 2014–2019 · leading case: Simpson v. Cavalry SPV I, LLC, 2014 Ark. 363 (Ark. 2014).
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Simpson v. Cavalry SPV I, LLC, 2014 Ark. 363 (Ark. 2014). · cites it 15× “§ 17-24-101 and must be licensed pursuant to Ark.Code Ann. § 17-24-301 because it . purchases and attempts to collect delinquent accounts.”
Cach, LLC v. Echols, 2016 Ark. 446 (Ark. 2016). · cites it 2× “t held that an entity that purchases delinquent accounts and then retains a licensed Arkansas lawyer to collect on the delinquent accounts and file lawsuits on its behalf in Arkansas is a “collection agency” pursuant to Arkansas Code Annotated section 17-24-101 and is required…”
Simpson v. Calvary SPV I, LLC, 2014 Ark. 33 (Ark. 2014). · cites it 2× “Whether an entity that purchases delinquent accounts and then retains a licensed Arkansas lawyer to collect on the delinquent accounts and file lawsuits on its behalf in Arkansas is “attempting] to collect” and, thus, is required to be licensed by the Arkansas State Board of…”
Alexander v. Absolute Resolutions Corp. (W.D. Ark. 2019). · cites it 4× “Alexander filed a motion for summary judgment in the Baxter County lawsuit, arguing that ARC had no authority to file that lawsuit because it had not obtained a license from the State Board of Collection Agencies (“SBCA”) to act as a collection agency in the state of Arkansas,…”
— Ark. Code Ann. § 17-24-301(4) — 3 cases
Simpson v. Cavalry SPV I, LLC, 2014 Ark. 363 (Ark. 2014). “§ 17-24-101 and must be licensed pursuant to Ark.Code Ann. § 17-24-301 because it . purchases and attempts to collect delinquent accounts.”
Cach, LLC v. Echols, 2016 Ark. 446 (Ark. 2016). “t held that an entity that purchases delinquent accounts and then retains a licensed Arkansas lawyer to collect on the delinquent accounts and file lawsuits on its behalf in Arkansas is a “collection agency” pursuant to Arkansas Code Annotated section 17-24-101 and is required…”
Simpson v. Calvary SPV I, LLC, 2014 Ark. 33 (Ark. 2014). “Whether an entity that purchases delinquent accounts and then retains a licensed Arkansas lawyer to collect on the delinquent accounts and file lawsuits on its behalf in Arkansas is “attempting] to collect” and, thus, is required to be licensed by the Arkansas State Board of…”
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