OREGON INTEREST RATE - Statutory + Judgment: 9% simple interest per annum (Unless specified by contract) STATUTE OF LIMITATIONS (IN YEARS) -
Open Acct.: 6
Sale of Goods: 6 (4 yrs UCC Transaction)
Written Contract: 6
Domestic Judgment: 10 - Renewable at 10
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY) -
Can recover reasonable attorney fees & statutory damages of three times the amount of the NSF check
or $500 if demand letter is sent to debtor 30 days before suit is filed.
GENERAL GARNISHMENT EXEMPTIONS -
75% of disposable earnings or 40 x fed. min. hourly wage
COLLECTION AGENCY BOND & LICENSE - Contact:
Collection Licensing
Div. of Finance and Corporate Securities
PO Box 14480
Salem, OR 97309-0405
Phone: (503) 378-4140
web: http://dfcs.oregon.gov