Oregon Payday Loan Laws and Regulations in (OR)

(last updated 01/14/2016)
Payday loans and cash advances are legal in Oregon. The State of Oregon Consumer Financial Protection has been regulating Payday Loans and Cash Advances since 2010. As of 09/16/2014 there were 63 licensed lenders and 186 licensed locations in Oregon.
 
The maximum payday loan allowed in Oregon is not specified. The maximum payday loan as a percentage of income is not specified. The number of loans that can be open at one time is no limit. The maximum permissible fees allowed in Oregon is 36% APR interest, $10 per $100 of loan amount as fee, up to $30.. The cooling off or waiting period for obtaining another loan is before or after prior loan expires 7 days. The number of rollovers that are permitted is 2 (renewals). The minimum loan term is 31 days. The maximum loan term is not specified.
 
This information is for informational purposes only. Although care has been taken to accurately describe the laws and regulations in Oregon, no guarantees are implied or expressed about its accuracy. This is not legal advice. If you need legal advice, please consult an attorney or the State of Oregon Consumer Financial Protection.
 
The following classes of lending organizations may be exempt from some, all, or none of the regulations and laws set by the state of Oregon. Federally chartered banks, state chartered banks, credit unions and some entities organized under the laws of a sovereign nation (for example) a Native American Tribe or the country of Antigua.

Oregon Payday Lending Regulator (OR)

Regulating Authority
State of Oregon Consumer Financial Protection
350 Winter Street Northeast
PO Box 14480
Salem, OR 97309-0405
(503) 378-4100
www.cbs.state.or.us/external/dir/consumer-protect/index.html

Agency for Handling Complaints
Division of Finance and Corporate Securities
PO Box 14480
Salem , OR 97309-0405
(503) 378-4100
www4.cbs.state.or.us/ex/dfcs/complaint/index.cfm?fuseaction=home.english

 


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Apply for a Payday Loan in OR
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Oregon Payday Loans (OR) by City

Albany, OR
Ashland
Beaverton, OR
Bend, OR
Canby
Central Point
Coos Bay, OR
Cornelius
Corvallis
Dallas
Damascus
Eugene, OR
Forest Grove, OR
Gladstone
Grants Pass, OR
Gresham, OR
Happy Valley
Hermiston
Hillsboro, OR
Keizer, OR
Klamath Falls, OR
La Grande
Lake Oswego
Lebanon
McMinnville
Medford
Milwaukie
Newberg
Ontario
Oregon City
Pendleton
Portland, OR
Redmond, OR
Roseburg
Salem, OR
Sherwood
Springfield, OR
St Helens
The Dalles
Tigard
Troutdale
Tualatin
West Linn
Wilsonville
Woodburn

Oregon Debt Relief, Financial Counseling, and Consumer Credit Information


If you would like to look into the possible benefits of these services, Consumer Credit Counseling Service of the Midwest, Inc. is a leading provider of financial counseling services in Oregon.