Oregon Law
Law as of Jan 1, 2024
Chapter contents
82.005[1979 c.655 §2; repealed by 1981 c.412 §24] 82.010Legal rate of interest; effect of violation 82.020Computation of interest; charges not included 82.025Exemptions from application of ORS 82.010 (3) and (4) and 82.020 82.110[Repealed by 1981 c.412 §24] 82.115[1975 c.625 §2; 1977 c.791 §2; repealed by 1981 c.412 §24] 82.117[1979 c.638 §2; repealed by 1981 c.412 §24] 82.120[Amended by 1975 c.321 §1; 1979 c.284 §90; repealed by 1981 c.412 §24] 82.125[1971 c.214 §2; repealed by 1981 c.412 §24] 82.130[Repealed by 1981 c.412 §24] 82.140[Repealed by 1981 c.412 §24] 82.150Definitions for ORS 82.160 and 82.170 82.160Notice to borrower of penalty for repayment prior to date for repayment in loan agreement 82.170Notice to borrower of lender authority to refuse to accept repayment prior to date for repayment in loan agreement 82.300[1989 c.578 §1; repealed by 1997 c.182 §7]

Chapter 82 — Interest; Repayment Restrictions

ORS 82.160 Notice to borrower of penalty for repayment prior to date for repayment in loan agreement

(1)

If a loan agreement provides for a penalty to be charged for repaying the loan prior to the date provided for repayment in the loan agreement, the loan agreement shall contain in printing or writing of a size equal to at least 10-point bold or underlined type substantially the following notice: __________________________________________

NOTICE TO THE BORROWER

Do not sign this loan agreement before you read it. This loan agreement provides for the payment of a penalty if you wish to repay the loan prior to the date provided for repayment in the loan agreement. __________________________________________

(2)

If a loan agreement does not contain a notice as required by subsection (1) of this

section, a lender shall not collect from the borrower a penalty for payment of the loan prior to the date provided for repayment.

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.