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Bill

HB 1466

TO AMEND THE FAIR MORTGAGE LENDING ACT.

2025 Regular Session Introduced by Brandon Achor and 1 co-sponsor

Arkansas HB 1466 amended the Fair Mortgage Lending Act; specific provisions unavailable but bill passed both chambers and became Act 262 in March 2025.

Notification that HB1466 is now Act 262
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Bill Summary · HB 1466

Legislative bill overview

HB 1466 amends Arkansas's Fair Mortgage Lending Act, though the specific amendments are not detailed in the provided legislative history. The bill was introduced by Representatives Brandon Achor and Justin Boyd and successfully passed both chambers before being signed into law as Act 262 in March 2025.

Why is this important

Amendments to fair lending laws affect how mortgage lenders operate, potentially impacting loan approval standards, disclosure requirements, and protections against discriminatory lending practices. Changes to this framework can have meaningful consequences for borrowers' access to credit and the enforcement mechanisms available to consumers who believe they've experienced unfair lending practices.

Potential points of contention

  • Scope of amendments unclear: Without access to the bill's specific language, the nature of the changes—whether they strengthen consumer protections, reduce lender compliance burdens, or modify enforcement procedures—cannot be assessed
  • Consumer protection vs. industry flexibility: Fair lending amendments often involve tension between expanding borrower safeguards and streamlining lending processes
  • Enforcement and oversight mechanisms: Changes to how violations are identified, reported, or penalized affect the law's practical effectiveness

Compiled from official sources — confirm details with the bill’s official record.

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