Ark. Code § 23-62-110
Current with legislation from 2024 Fiscal and Special Sessions.
As used in the Arkansas Insurance Code, "mortgage guaranty insurance" means insurance that insures lenders against financial loss by reason of nonpayment of principal, interest, or other sums agreed to be paid under the terms of any note, bond, or other evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a lien or charge on improved real estate.
Ark. Code § 23-62-110