The bill amends the existing law regarding the interest rate on unpaid child support in Arkansas. Specifically, it changes the annual interest rate from ten percent (10%) to two percent (2%) for all child support that becomes due and remains unpaid. This adjustment aims to reduce the financial burden on individuals who are unable to meet their child support obligations.

Additionally, the bill maintains the provision that allows the owner of the judgment or their counsel to request that the judgment not accrue interest prior to the interest accrual. This gives some flexibility to those involved in child support cases, allowing them to potentially avoid additional financial penalties under certain circumstances.

Statutes affected:
HB 1794: 9-14-233(a)