Oregon Revised Statutes Chapter 323 § 323.195 — Penalty for nonpayment of credit purchase; interest
Oregon Revised Statutes Chapter 323 ·
Oregon Code § 323.195·Enacted ·Last updated March 01, 2026
Statute Text
Penalty for nonpayment of credit purchase; interest.
Any distributor who fails to pay
any amount owing to the purchase of stamps within the time required, shall pay
a penalty of 10 percent of the amount due in addition to the amount plus
interest at the rate established under ORS 305.220 from the date on which the
amount became due and payable until the date of payment. [1965 c.525 §52; 1982
s.s.1 c.16 §17; 1999 c.62 §9; 2017 c.278 §15]
(Administration)
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 323.195
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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