Arkansas
State Bank Department
Quarterly Formula Rate for Municipal and
(updated October 11, 2008)
In accordance with the requirements of Amendment
78 of the Arkansas Constitution the Bank Commissioner has set the maximum lawful
rate of interest for fixed and variable rate obligations, or the formula rate
for municipalities and counties.
|
2008 4th Quarter
Rate (not to exceed) 7.25% |
Effective October 11, 2008 |
|
2008 3rd Quarter Rate (not to exceed)
7.5% |
Effective July 11, 2008 |
|
2008 2nd Quarter Rate (not to exceed)
7.00% |
Effective April 11, 2008 |
|
2008 - 1st Quarter
Rate (not to exceed) 8.50% |
Effective |
|
2007 4th Quarter
Rate (not to exceed) 9.00% |
Effective October 11, 2007 |
|
2007 3rd Quarter Rate (not to exceed)
10.00% |
Effective July 11, 2007 |
|
2007 2nd Quarter Rate (not to exceed)
9.75% |
Effective April 11, 2007 |
|
2007 1st Quarter
Rate (not to exceed) 10.0% |
Effective January 11, 2007 |
|
2006 4th Quarter Rate
(not to exceed) 9.75% |
Effective October 11, 2006 |
|
2006 3rd Quarter Rate (not to exceed)
10.25% |
Effective July 11, 2006 |
|
2006 2nd Quarter
Rate (not to exceed) 9.75% |
Effective April 11, 2006 |
|
2006 1st Quarter Rate
(not to exceed) 9.50% |
Effective January 11, 2006 |
|
2005 4th Quarter
Rate (not to exceed) 9.25% |
Effective October 11, 2005 |
|
2005 3rd Quarter Rate (not to exceed)
8.75% |
Effective July 11, 2005 |
|
2005 2nd Quarter Rate
(not to exceed) 9.00% |
Effective April 11, 2005 |
|
2005 1st Quarter
Rate (not to exceed) 8.25% |
Effective January 11, 2005 |
|
2004 4th Quarter
Rate (not to exceed) 7.75% |
Effective October 11, 2004 |
|
2004 3rd Quarter Rate (not to exceed)
8.00% |
Effective July 12, 2004 |
|
2004 2nd Quarter
Rate (not to exceed) 6.75% |
Effective April 11, 2004 |
|
2004 1st Quarter
Rate (not to exceed) 7.0% |
Effective January 12, 2004 |
|
2003 4th Quarter
Rate (not to exceed) 6.75% |
Effective October 10, 2003 |
|
2003 3rd Quarter Rate (not to exceed)
6.25% |
Effective July 11, 2003 |
|
2003 2nd Quarter
Rate (not to exceed) 6.75% |
Effective April 11, 2003 |
|
2003 1st Quarter
Rate (not to exceed) 7.0% |
Effective January 10, 2003 |
|
2002 4th Quarter
Rate (not to exceed) 7.0% |
Effective October 11, 2002 |
|
2002 3rd Quarter
Rate (not to exceed) 8.00% |
Effective July 11, 2002 |
|
2002 2nd Quarter
Rate (not to exceed) 8.75% |
Effective April 11, 2002 |
|
2002 1st Quarter Rate
(not to exceed) 8.5% |
Effective January 11, 2002 |
|
2001 4th Quarter
Rate (not to exceed) 8.0% |
Effective October 11, 2001 |
|
2001 3rd Quarter
Rate (not to exceed) 9.0% |
Effective July 11, 2001 |
|
2001 2nd Quarter
Rate (not to exceed) 9.5% |
Effective April 10, 2001 |
|
2001 1st Quarter
Rate (not to exceed) 10.5% |
Effective January 11, 2001 |
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