§ 23-52-116 - Consent orders. - Arkansas Statutes

23-52-116. Consent orders.

(a) The State Board of Collection Agencies may enter into consent orders at any time with any person to resolve any matter arising under this chapter. A consent order shall be signed by the person to whom it is issued or an authorized representative and shall indicate agreement to the terms contained therein. A consent order need not constitute an admission by any person that any provision of this chapter or any rule, regulation, or order promulgated or issued pursuant to this chapter has been violated, nor need it constitute a finding by the board that the person has violated any provision of this chapter or any rule, regulation, or order promulgated or issued hereunder.

(b) Notwithstanding the issuance of a consent order, the board may seek civil or criminal penalties or compromise civil penalties concerning matters encompassed by the consent order.