27 CAR § 30-155 – Balance of security to be deposited

(a) If notice of a default is received by the Office of Driver Services, then the office shall issue a notice of the balance of security required.
(b) Such security requirement shall be the difference between the:
1. (1) Amount of the agreement; and
2. (2) Amount that has been paid on the agreement.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "6-27-19-612 BALANCE OF SECURITY TO BE DEPOSITED"