Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 730 - CONSUMER FINANCE
Section 441-730-0060 - Loans Not to Be Payable on Demand; Exception
Universal Citation: OR Admin Rules 441-730-0060
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Except as provided by section (2) of this rule, a loan shall not be made payable on demand.
(2) A loan may provide that, if there is a default under the note or collateral security agreement, the loan may become due and payable immediately or on demand.
Stat. Auth.: ORS 725
Stats. Implemented: ORS 725.050
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