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SB 600

TO REGULATE CONTRACTS; TO MANDATE CONTRACTUAL PROVISIONS FOR CERTAIN CONTRACTS; AND TO CLARIFY PROPER JURISDICTION FOR CERTAIN CONTACTS.

2025 Regular Session Introduced by Jimmy Gazaway and 1 co-sponsor

Senate Bill 600 ensures Arkansas residents have legal protections for contracts on property valued at $100,000 or less, requiring adherence to state law and local jurisdiction.

Notification that SB600 is now Act 771
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WeVote Research Nonpartisan
Bill Summary · SB 600

Summary of Senate Bill 600 (SB 600)

Overview

Senate Bill 600, now enacted as Act 771, aims to regulate contracts in the state of Arkansas by mandating specific contractual provisions and clarifying jurisdictional matters for certain contracts. The bill was introduced on April 1, 2025, and has undergone several amendments before its passage.

Purpose and Intent

The primary purpose of SB 600 is to:
- Establish clear jurisdictional guidelines for contracts involving Arkansas residents.
- Ensure that certain contracts, particularly those related to the purchase or financing of property, adhere to Arkansas law.
- Protect consumers by defining the legal framework for contracts that fall under specific monetary thresholds.

Key Provisions

The bill introduces a new section to the Arkansas Code (Title 4, Chapter 56, Subchapter 1) with the following key provisions:

  1. Jurisdiction and Venue Requirements:

    • Contracts entered into by Arkansas residents for the purchase or financing of real or personal property valued at $100,000 or less must be governed by Arkansas law.
    • Any litigation related to these contracts will fall under the jurisdiction of Arkansas courts.

  2. Definition of Personal Property:

    • The jurisdictional provisions apply to personal property only if it is used as a dwelling unit in Arkansas.

  3. Definition of Resident:

    • The term "resident" is defined to include individuals only, excluding corporate entities.

Impact

  • Consumers: The bill primarily affects Arkansas residents who engage in contracts for purchasing or financing property within the specified monetary limit. It aims to provide them with legal protections and ensure that disputes are resolved within the state.
  • Contractors and Businesses: Businesses operating in Arkansas will need to comply with the new jurisdictional requirements when drafting contracts with residents, particularly in real estate and personal property transactions.

Legislative Timeline

  • April 1, 2025: SB 600 was filed and introduced.
  • April 7, 2025: The bill was amended and reported correctly engrossed.
  • April 9, 2025: The Senate passed the bill and it was transmitted to the House.
  • April 10, 2025: The House Judiciary Committee recommended the bill for passage.
  • April 15, 2025: The House passed the bill and it was ordered enrolled.
  • April 18, 2025: Notification that SB 600 is now Act 771.

Conclusion

Senate Bill 600 represents a significant step in regulating contracts within Arkansas, ensuring that residents have clear legal recourse and protections when entering into agreements for property transactions. The enactment of this bill reflects a commitment to consumer protection and the establishment of a fair legal framework for contract disputes.

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

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