Payday Loan Laws - OR
The rules and regulations issuers of payday loans must abide by in the state of Oregon.
Legal Status:
Legal
Loan Terms:
Maximum Loan Amount: Not Specified
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: Three (renewals)
Cooling-off Period: 1 day if lender has renewed previous payday loan 3 times
Collection Limits:
Collection Fees: One $25 NSF fee + additional bank charges
Criminal Action: Not Specified
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