Oregon Code § 726.420·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of charging excessive interest or fees.
If any pawnbroker or agent, member, officer or
employee thereof, or any other person is found by the Director of the
Department of Consumer and Business Services to have charged, contracted for or
received any interest, fees or other charges in excess of those permitted by
ORS 726.390, then the pledge loan shall be void. The pawnbroker shall forfeit
the right to collect or receive any principal, interest or charges whatsoever.
The pawnbroker shall upon order of the director return to the pledgor free from
the pawnbrokers lien the pledge pledged by the pledgor without tender of
principal and interest and shall pay into the county school fund of the county
wherein the loan is made all payments and all fees or other charges previously
collected under such pledge loan. [Amended by 1975 c.544 §59a; 1987 c.373 §74]
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 726.420
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
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