§ 2-7-310 - Release of creditor -- Effective period. - Arkansas Statutes

2-7-310. Release of creditor -- Effective period.

(a) The Director of the Arkansas Farm Mediation Program shall issue a release upon request to any creditor who has paid any required fees and:

(1) Who has attended an initial mediation meeting pursuant to 2-7-301 or 2-7-307;

(2) Who has served a mediation notice on the farmer and the farmer has not requested mediation within the time allowed;

(3) When the farmer has waived mediation with respect to that creditor or the agricultural property at issue;

(4) When the agricultural property has been abandoned by the farmer;

(5) In the discretion of the director if the default is other than monetary;

(6) When ordered to do so by a court upon a finding by the court that mediation would be unduly burdensome and an extreme hardship on the creditor;

(7) Upon the failure of a farmer to appear at a scheduled mediation meeting; or

(8) As otherwise provided by rule.

(b) A release is effective as to any proceeding commenced or continued or any action taken one (1) year or less after its date of issuance, but a release is not effective as to any proceeding commenced or action taken more than one (1) year after its date of issuance.