Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 730 - CONSUMER FINANCE
Section 441-730-0180 - Deferred Payment on Precomputed Loan
Universal Citation: OR Admin Rules 441-730-0180
Current through Register Vol. 63, No. 3, March 1, 2024
(1) When unpaid installments are deferred as provided by ORS 725.340(2)(b), the licensee must give the borrower written evidence of the agreed deferral showing:
(a) The amount of the deferral
charge;
(b) The new due date of the
first deferred installment; and
(c)
The new due date of the final deferred installment of the loan.
(2) The licensee must also note the due date of the final deferred installment and the amount of the deferral charge on the borrower's account record.
Stat. Auth.: ORS 725.505
Stats. Implemented: ORS 725.340(2)
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