---
type: "Bill"
title: "TO AMEND THE CREDIT REPORTING DISCLOSURE ACT OF 1989; AND TO CLARIFY THE CONTENT REQUIRED FOR A NOTICE OF ADVERSE ACTION."
description: "TO AMEND THE CREDIT REPORTING DISCLOSURE ACT OF 1989; AND TO CLARIFY THE CONTENT REQUIRED FOR A NOTICE OF ADVERSE ACTION."
jurisdiction: "us/states/ar"
legislature: "Arkansas Legislature"
session: "2025"
identifier: "SB 240"
citation: "Arkansas SB 240 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Beaty Jr.", "Hill"]
version_count: 2
action_count: 15
vote_count: 0
first_action: "2025-02-17T18:08:02+00:00"
last_action: "2025-03-20T18:34:08+00:00"
source: "openstates"
source_identifier: "ocd-bill/cdb61b31-6c72-4665-ad79-4ea38e8b21a5"
source_url: "https://www.arkleg.state.ar.us/Bills/FTPDocument/?path=%2fSessionInformation%2LegislativeMeasures.txt"
source_hash: "0c9eb1699cfa4baecf18b86bb646b042b73b2b65e8a6bc6483d9c2da3894e136"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ar"]
---

# Arkansas SB 240 (2025) — TO AMEND THE CREDIT REPORTING DISCLOSURE ACT OF 1989; AND TO CLARIFY THE CONTENT REQUIRED FOR A NOTICE OF ADVERSE ACTION.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Act 343** (committee substitute) — [source](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=343.pdf&ddBienniumSession=2025%2F2025R)
2. **SB 240** (committee substitute) — [source](https://www.arkleg.state.ar.us/assembly/2025/2025R/Bills/SB240.pdf)

## Sponsors

- Beaty Jr. — primary (person)
- Hill — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-02-17T18:08:02+00:00** Filed `introduction`
- **2025-02-17T19:59:28+00:00** Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE `reading-1, referral-committee`
- **2025-02-20T17:09:34+00:00** Returned by the Committee, with the recommendation that it Do Pass `committee-passage-favorable`
- **2025-02-24T20:22:48+00:00** Read the third time and passed. `passage, reading-3`
- **2025-02-24T20:23:00+00:00** Ordered immediately transmitted to the House.
- **2025-02-24T21:28:33+00:00** RECEIVED FROM THE SENATE
- **2025-02-24T22:57:29+00:00** Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE `reading-1, reading-2, referral-committee`
- **2025-03-12T18:26:27+00:00** Returned by the Committee Do Pass `committee-passage`
- **2025-03-17T19:38:20+00:00** Read the third time and passed and ordered transmitted to the Senate. `passage, reading-3`
- **2025-03-17T19:38:25+00:00** Returned to the Senate as passed.
- **2025-03-17T21:39:48+00:00** Returned from the House as passed.
- **2025-03-17T21:39:50+00:00** ORDERED ENROLLED
- **2025-03-18T14:16:07+00:00** Reported correctly enrolled and ordered delivered to the Governor.
- **2025-03-18T14:16:09+00:00** DELIVERED TO GOVERNOR. `executive-receipt`
- **2025-03-20T18:34:08+00:00** Notification that SB240 is now Act 343 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cdb61b31-6c72-4665-ad79-4ea38e8b21a5`. Confidence: reported (aggregated from official Arkansas legislature records).