Oregon Interest Rates Laws
|Legal Maximum Rate of Interest||Unless otherwise agreed, 9% (§82.010)|
|Penalty for Usury (Unlawful Interest Rate)||Forfeit interest on loan but borrower must repay the principal (§82.010)|
|Interest Rates on Judgments||9% unless contract, then contract rate (§82.010)|
|Exceptions||Business or agricultural loan; loan under $50,000 (§82.010); financial institution or trust company as defined under §706.008, consumer finance license defined under Ch. 725, pawnbroker licensed under Ch. 726, lender approved under the National Housing Act, loans secured with real property, loan secured through U.S. government, securities or commercial paper, broker-dealers registered under the Securities Exchange Act of 1934 (§82.025)|
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