Oregon Consumer Finance Collection Check

Live. Collecting an Oregon loan of $50,000 or less? Unlicensed = void, no collection or account debit (ORS 725.045); licensee cap 36% or prime credit + 30.

Collecting an Oregon online or installment loan of $50,000 or less with a term over 60 days? Checks each loan and contact against the Oregon Consumer Finance Act: a loan made without an Oregon license is void, and no lender, successor or assignee may collect principal, interest or fees, deposit the borrowers check or debit their account (ORS 725.045); a licensees finance charge is capped at the greater of 36% APR or 30 points over the primary credit rate (725.340). Payday loans and exempt banks are flagged out of scope. Flags collecting a void loan or excess charges (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats. Not legal advice.

Price: $0.001 per call after 1,000 free per month.

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