ARK LEG Rental Fees, Deposit Controls

Published on: Apr 10, 2025

On Apr. 7, ARK LEG enacted bill relating to rent, rental fee controls.

  • ARK LEG enacted bill SB 91 on rent, rental application fee, and rental deposit control.
  • Amends ARK LEG 14-2-16-6-601 and ARK LEG 14-3-54-14-1409 on rent control.
  • Bill Provisions
  • Local governmental unit shall not enact or enforce ordinance that would have the effect of controlling amount charged for rent, rental application fees, rental deposits.
  • Preemption against rent, rental application fees, deposit control applies to landlords, property owners and managers, tenants, prospective tenants, real estate companies.
  • Section does not impair the right of any local governmental unit to manage and control residential property in which the local governmental unit has a property interest.
  • Legislative History
  • On Jan. 23, 2025, bill was introduced in Senate; on Mar. 4, 2025, bill passed Senate.
  • On Mar. 4, 2025, bill was introduced in House; on Mar. 31, 2025, bill passed House.
  • On Apr. 7, 2025, bill was signed into law by the governor and assigned Act 459.
  • Effectiveness
  • Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.
Regulators
ARK LEG
Entity Types
CNSM; Corp; MG Orig
Reference
Act 459, Bill SB91, 4/7/2025; Citation: *ARK LEG* 14-2-16-6-601, 14-3-54-14-1409;
Functions
Compliance; Financial; Legal; Market Conduct; Operations
Countries
United States of America
Category
State
N/A
Products
Corporate; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Apr 7, 2025
Effective Date
Aug 4, 2025
Rule ID
249949
Linked to
N/A
Reg. Last Update
Apr 7, 2025
Report Section
US Consumer