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15 chapters · 730 sections in this title.
ORS 82.010 Legal rate of interest; effect of violation
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(1) The rate of interest for the following transactions, if the parties have not otherwise agreed to a rate of interest, is nine percent per annum and is payable on: (a) All moneys after they become due; but open accounts bear interest from the date of the last item thereof. (b) …
ORS 82.020 Computation of interest; charges not included
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(1) If, pursuant to any arrangement, understanding or agreement, with the knowledge of the lender, either as a part of the contract of borrowing or collateral thereto, regardless of when made and whether it is made as a special arrangement or in conformity to a regular rule, regu…
ORS 82.025 Exemptions from application of ORS 82.010 (3) and (4) and 82.020
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ORS 82.010 (3) and (4) and 82.020 do not apply to: (1) Any financial institution or trust company, as those terms are defined in ORS 706.008, any consumer finance licensee under ORS chapter 725 or any pawnbroker licensed under ORS chapter 726. (2) Any lender approved by the Secre…
ORS 82.150 Definitions for ORS 82.160 and 82.170
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As used in ORS 82.160 and 82.170: (1) “Loan” means a loan of money that is primarily for personal, family or household use made by a person who is regularly engaged in the business of lending money. (2) “Loan agreement” means the written document issued in connection with a loan …