The Short Term Loan
ORS 725A.064 — 36 percent a year, at least 31 days, and two renewals at most
| A payday lender may not | The limit |
|---|---|
| A payday lender may notCharge interest above | The limit36 percent per year |
| A payday lender may notCharge an origination fee above | The limit$10 per $100, or $30, whichever is less, once |
| A payday lender may notMake a loan for a term shorter than | The limit31 days |
| A payday lender may notRenew a loan more than | The limitTwo times |
| A payday lender may notMake a new loan after the last is repaid within | The limitSeven days |
A payday loan contract may not include a hold-harmless clause, a confession of judgment, a waiver of claims or defenses, or a waiver of exemptions beyond the property securing the loan.
Sources for this section (1)
- ORS 725A.064 — Prohibited conduct for payday loan lender
Legal information, not legal advice. Verified as of October 2026. Applying it to a particular situation is the work of a licensed Oregon attorney.