Section 17-24-201 - Creation - Members(a)(1) There is created a State Board of Collection Agencies composed of five (5) members to be appointed by the Governor.(2) The members of the board: (A) Shall hold office until a successor is appointed and qualified; and(B) May be removed by the Governor for:(i) Lacking competency to perform the duties of the position;(ii) Conduct or behavior that is immoral;(iii) Physical or mental infirmity that prevents the discharge of the member's duties;(iv) An abuse of his or her official power; or(3) The Governor shall fill a vacancy by appointment within thirty (30) days after the vacancy occurs.(4) A member appointed to fill a vacancy caused by death, resignation, or removal: (A) Shall meet the qualifications of the vacancy to be filled;(B) Shall serve for the unexpired term of his or her predecessor; and(C) Is eligible to be subsequently appointed to the board to the same position and any other position to which the member is qualified.(5) The members of the board shall serve three-year staggered terms without compensation except they may receive expense reimbursement and stipends in accordance with § 25-16-901 et seq.(b)(1) Two (2) members shall: (A) Be actively engaged as an owner or manager of a collection agency or someone employed by a collection agency in an executive capacity; and(B) Have been actively engaged in connection with the operation of a collection agency for five (5) years next preceding their appointment.(2) One (1) member shall be selected from the public at large.(3) One (1) member shall: (A) Represent the elderly;(B) Be at least sixty (60) years of age; and(C) Not be actively engaged in or retired from the operation of a collection agency.(4) One (1) member shall be: (A) Selected to represent the banking industry; and(B) An Arkansas resident who is actively engaged in the operation of a banking entity that is chartered to conduct business in the State of Arkansas.Amended by Act 2023, No. 360,§ 2, eff. 8/1/2023.Amended by Act 2019, No. 542,§ 1, eff. 7/24/2019.Amended by Act 2015, No. 1100,§ 22, eff. 7/22/2015.Acts 1965, No. 145, § 3; 1983, No. 131, §§ 1-3, 5; 1983, No. 135, §§ 1-3, 5; A.S.A. 1947, §§ 6-623 -- 6-626, 71-2003; Acts 1997, No. 250, § 131; 1997, No. 1018, § 3; 2001, No. 1766, § 1.