Legal Status: Legal

Citation:
54 Or. Rev. Stat. Ann. 725.600 et seq.

Loan Terms:
Maximum Loan Amount: Not Specified
Loan Term: Minimum 31 days
Maximum Finance Rate and Fees: 36% APR interest, $10/$100 fee up to $30
Finance Charge for 14-day $100 loan: $13 for 31 day loan
APR for 14-day $100 loan: 156% APR for 31 day loan

Debt Limits:
Maximum Number of Outstanding Loans at One Time: No Limit
Rollovers Permitted: Two (renewals)
Cooling-off Period: 7 days before or 7 days after prior loan expires
Repayment Plan:

Collection Limits:
Collection Fees: One $20 NSF fee + additional bank charges
Criminal Action: None, only civil penalties

Where to Complain, Get Information:
Regulator: Oregon Department of Consumer & Business Services
Address: Division of Finance & Corporate Securities, 350 Winter St. NE, Rm. 410 Salem OR 97301
Phone: (503) 378-4140
Fax: (503) 947-7862
Regulatory Contact: Michael McCord,, Program Manager, Financial Services
Regulator Website

Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources:
Brochure: Payday Loans in Oregon: Consumer Information


Prestamos para el dia de pago en Oregon