Title 8, Commercial Transactions
15 chapters · 730 sections in this title.
ORS 83.885 Sale of motor vehicles, personal property or services for business or commercial purposes as time sale rather than loan
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A retail installment contract for the sale of motor vehicles, other personal property or services purchased primarily for business or commercial purposes, which discloses both a cash price and a deferred payment or time price, constitutes a bona fide time sale rather than a loan …
ORS 83.890 Notice required in contract when seller intends to transfer contract
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(1) If the seller intends to transfer the retail installment contract to a holder, who has agreed with the seller to collect payments directly from the retail buyer, the contract shall contain the following notice which shall be in at least 8-point type, or elite typewriter type,…
ORS 83.895 Effect of sellers failure to provide notice
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Any seller who violates ORS 83.890 shall be subject to the provisions contained in ORS 83.170. [1977 c.274 §4] PENALTIES
ORS 83.990 Penalties
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(1) Any person who violates any provision of ORS 83.510 to 83.680 commits a Class A violation. (2) A willful violation of ORS 83.520 to 83.600 or 83.650 to 83.670 by any person bars recovery of any finance charge, delinquency or collection charge or refinancing charge on the reta…