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.)-- need to verify second part
Loan Term: 31
Finance Charge for 14-day $100 Loan: 13
APR for 14-day $100 Loan: 153%
Debt Limits
Maximum Number of Outstanding Loans at One Time: Not mentioned.
Rollovers Permitted: Can renew the same loan up to 2 times. ORS § 725A.064.
Cooling-off Period: 7 days. ORS § 725A.064.
Repayment Plan: Silent
Collection Limits
Collection Fees: Unable to find
Criminal Action: Prohibited, civil action is allowed. ORS § 725A.064