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Oregon Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | Unless otherwise agreed, 9% (§82.010) |
| Penalty for Usury (Unlawful Interest Rate) | Forfeit interest on loan but borrower must repay the principal (§82.010) |
| Interest Rates on Judgments | 9% unless contract, then contract rate (§82.010) |
| Exceptions | Business or agricultural loan; loan under $50,000 (§82.010); financial institution or trust company as defined under §706.008, consumer finance license defined under Ch. 725, pawnbroker licensed under Ch. 726, lender approved under the National Housing Act, loans secured with real property, loan secured through U.S. government, securities or commercial paper, broker-dealers registered under the Securities Exchange Act of 1934 (§82.025) |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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- Official State Codes - Links to the official online statutes (laws) in all 50 states and DC.
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