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Arkansas Interest Rate Control, Proposed Amendment 2 (1990)

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The Arkansas Interest Rate Control Proposed Amendment, also known as Proposed Amendment 2, was on the ballot in Arkansas on November 6, 1990, as a legislatively referred constitutional amendment. It was defeated. The measure would have controlled interest rates and provided penalties for violations.[1][2]

Election results

Arkansas Proposed Amendment 2 (1990)
ResultVotesPercentage
Defeatedd No416,30266.11%
Yes213,36833.89%

Election results via: Arkansas Secretary of State

Text of measure

The question on the ballot:

PROPOSED CONSTITUTIONAL AMENDMENT NO. 2

(Referred to the People by the General Assembly)
(Popular Name)
Arkansas Compensation Commission
(Ballot Title)
An amendment to Section 13 of Article XIX of the Constitution of the State of Arkansas to control interest rates and set the penalty for violations thereof, providing for a proposed constitutional amendment to establish a maximum lawful rate of interest in this state.[2][3]

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Footnotes