Legal Status
Legal
Citation
54 Or. Rev. Stat. § 725A.010
Loan Terms
Maximum Loan Amount: $50,000 (Loan limit up to 25%of borrower’s net monthly income if earns $60,000 per year or less.)
Loan Term: At least 31 days
Maximum Finance Rate and Fees: 36% APR interest, one-time $10 per $100 of loan origination fee, up to $30
Finance Charge for 14-day $100 Loan: $13 (this amount is based on a 31 day loan, as 14 day loans are not permitted)
APR for 14-day $100 Loan: 154% (this amount is based on a 31 day loan, as 14 day loans are not permitted)