Statutes > Arkansas Statutes > Title 6 - Education > Subtitle 6 - Postsecondary Education -- Financial Assistance Programs > Chapter 81 - Student Loans > Subchapter 4 - University of Arkansas Revolving Loan Fund > § 6-81-404 - Promissory note -- Interest.

§ 6-81-404 - Promissory note -- Interest.

6-81-404. Promissory note -- Interest.

The person securing a loan shall give his or her promissory note with interest to be established by the Board of Trustees of the University of Arkansas which shall be not less than four percent (4%) nor more than eight percent (8%) per annum.