On December 17, 2021, the Division of Workforce Services in the Arkansas Department of Commerce adopted the Forgiveness of Student Loan Program Rule. The program assists eligible employees with the repayment of qualifying student loans. Effective January 1, 2022.
Signed into law on January 18, 2022, Assembly Bill 5033 authorizes motor vehicle dealers to sell motor vehicles online provided they meet certain physical requirements for their business premises. In addition, it allows dealers to obtain electronic signatures for motor vehicle purchases and leases. Effective immediately.
Assembly Bill 6162 established new building requirements for new and used motor vehicle dealers in regard to the size and signage of their business premises. Effective immediately.
Senate Bill 2767 was signed into law by Governor Kathy Hochul on December 22, 2021. The new law establishes the private student loan refinance task force. Effective immediately.
Signed into law on December 3, 2021, Senate Bill 437 eliminated the state of emergency exception for an unregistered vehicle to operate on a highway unless the registration has been mailed or delivered to the Department of Transportation or the vehicle displayed a temporary plate. The new law creates an exception for operating an unregistered vehicle due to an imminent public disaster, imminent death, or great bodily harm. Effective December 5, 2021.