A guide to Payday Loans in Oregon State, USA.
What are the Citation (s) to Payday Loan or Small Loan Laws in Oregon?
A:
The relevant citation regarding Payday Loans in the Oregon State Jurisdiction is 54 Or. Rev. Stat. Ann. § 725.600 et seq.
Oregon State Payday Loan FAQs:
Q: Are Payday Loans legal in Oregon State?
A: Yes Payday Loans are legal in Oregon.
Q: What is the Maximum Payday Loan Term in Oregon State?
A: The Max Payday Loan Term in Oregon State is 60 days.
Q: What is the Maximum Cash Advance Loan Amount in Oregon?
A: The Maximum Cash Advance or Payday Loan amount is Not Specified.
Q: What is the Maximum Fee for Cash Advance Loans in Oregon?
A: There is no limit for the max Payday Loan Fee charged in Oregon.
Q: What is the Finance charge for 14-day $100 payday loan in Oregon State?
A: There is no limit on the finance charge for a 14-day $100 loan in Oregon.
Q: What is the APR for 14-day $100 payday loan in Washington State?
A: There is no limit for the APR for 14-day $100 payday loan in Oregon.
Q: How many times can I rollover my payday loan in Oregon?
A: You can rollover (renew) a payday loan three times in Oregon.
Q: Is there a limit on the number of payday loans I can take at one time?
A: Yes, you can only take one payday loan at one time.
Q: What is the cooling off period for a payday loan in Oregon State?
A: There is a one-day cooling off period if the lender has renewed previous payday loan 3 times
Q: Is there a collection fee for the payday loan?
A: Yes the collection fee is one $25 NSF fee + additional bank charges
Contact the Department Of Financial Institutions
If you have questions about payday or auto title lending, please contact the Oregon Department of Financial Institutions at:
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: Charles Donald, Supervising Examiner, Non-depository Programs
Website: http://www.oregondfcs.org/
Where can I find a payday loan store in Oregon?
You can find the store nearest to your location by simply clicking on this link loc: Oregon
More Information
http://en.wikipedia.org/wiki/List_of_cities_in_Oregon
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