Oregon Law
Law as of Jan 1, 2024
Chapter contents
726.010Definitions 726.020Short title; application of chapter 726.030Construction of chapter 726.040Pawnbroker license required 726.050Requirements for issuance of license 726.060Application for license; contents; fee 726.070Applicant to furnish bond or letter of credit; actions on bond or letter of credit 726.075Grounds for denial of license 726.080Issuance and denial of license 726.090Form of license; posting; transferability 726.100Additional licenses to same applicant 726.110Change of place of business 726.120[Amended by 1971 c.218 §6; repealed by 1985 c.762 §196] 726.125License fees; fees for extra service 726.130Annual report of licensee 726.140[Repealed by 1971 c.743 §432] 726.150Revocation and suspension of license 726.155Procedure for license denial, revocation or suspension 726.160[Repealed by 1971 c.734 §21] 726.170Reinstatement or issuance of new license; fee 726.180Expiration of license; effect of revocation, suspension or surrender of license 726.190Surrender of license 726.250Investigations and examinations; cost 726.255Investigation of pawnbrokers; oaths; witnesses; subpoenas; depositions 726.260Rules and rulings 726.270Prohibited transactions 726.280Register and records of licensee 726.285Register and records of transactions by pawnbroker; delivery of copies to local police agency 726.290Signing of card, stub or record by pledgor 726.300Contents of pawn ticket; effect 726.310Person entitled to redeem pledge; return of pledge stored off premises 726.320Redemption by mail 726.330Delivery of pledge upon surrender of pawn ticket 726.340Loss, destruction or theft of pawn ticket; affidavit; liability 726.350Alteration 726.360Spurious pawn tickets 726.370Multiple claimants of pledge; interpleader 726.380Loss of or injury to pledge; storage of large items off premises; lien on pledge; rules 726.390Interest rates and charges 726.395Charges related to firearms 726.400Loan period; renewal; forfeiture of pledge; notice; period for redeeming pledge 726.410Record of forfeited pledges 726.420Effect of charging excessive interest or fees 726.430[Repealed by 1975 c.544 §62] 726.440Enforcement orders 726.450Tracking pledged articles; use of system; fee 726.910Civil penalties 726.990Criminal penalties

Chapter 726 — Pawnbrokers

ORS 726.420 Effect of charging excessive interest or fees

If any pawnbroker or agent, member, officer or employee thereof, or any other person is found by the Director of the Department of Consumer and Business Services to have charged, contracted for or received any interest, fees or other charges in excess of those permitted by ORS 726.390, then the pledge loan shall be void. The pawnbroker shall forfeit the right to collect or receive any principal, interest or charges whatsoever. The pawnbroker shall upon order of the director return to the pledgor free from the pawnbroker’s lien the pledge pledged by the pledgor without tender of principal and interest and shall pay into the county school fund of the county wherein the loan is made all payments and all fees or other charges previously collected under such pledge loan.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.