I don't believe that, nor do I believe it should be. A foul is about a player gaining an advantage over another player by committing a foul. If you are dribbling the ball and I touch your arm, but it in no way effects your ability to dribble the ball and in no way effects what you want to do with the ball, then it should not be a foul. Just because there is contact doesn't mean it is a foul.
I miss the way the NBA used to be called, because it was so much better back in the day when the refs were good enough to call the games like I describe.