Notice: As a part of OVLG's preventive measures on COVID-19 outbreak, our office will remain operational with reduced staff from home. You may face issues with the phone due to routing issues or get delayed response. So we prefer that you send us an email or make a support request for assistance. For new clients, please use our chat system.

Payday loan laws in Oregon

  • Status: Legal (54 Or. Rev. Stat. § 725A.064)
For Lenders

Lending specifications:

  • Maximum loan amount: Not Specified
  • Loan tenure: 31 - 60 days
  • Fees and finance charges: 36% APR; $10 as fee on every $100 advanced (up to $30)
  • Finance charge on a 31-day $100 loan: $13
  • APR on 31-day $100 loan: 156%

Collection restrictions:

  • Collection fees: $20 NSF fee and bank charges
  • Criminal procedures: None (only civil penlties)
For Borrowers

Debt limits:

  • Maximum no. of outstanding loans at a time: No limit
  • Rollovers allowed: Two
  • Cooling-off phase: 7 days (before or after the loan expires)

Complaint cell:

Last Updated on: Wed, 6 Dec 2017