CHEQNET SYSTEMS, INC. v. STATE BD. OF COLL. AGEN.

No. 94 00683.

890 S.W.2d 595 (1995)

319 Ark. 252

CHEQNET SYSTEMS, INC., Appellant, v. STATE BOARD OF COLLECTION AGENCIES, Winston Bryant, Attorney General for the State of Arkansas, and Mark Stodola, Pulaski County Prosecutor, Appellees.

Supreme Court of Arkansas.

January 17, 1995.


Attorney(s) appearing for the Case

Junius Bracy Cross, Jr., Little Rock, for appellant.

Rick D. Hogan, Asst. Atty. Gen., Little Rock, for appellee.


DUDLEY, Justice.

Appellant Cheqnet Systems, Inc., a collection business, purchases and takes assignments of dishonored checks which are payable to retail merchants. It collects the debt and charges the maker a service charge of $25.00. The State Board of Collection Agencies and the Attorney General made demand on appellant to cease charging in excess of $15.00 per dishonored check. Appellant filed this declaratory judgment suit and asked the circuit court to construe...

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