Or. Admin. Code § 441-730-0180

Current through Register Vol. 64, No. 1, January 1, 2025

Section 441-730-0180 - Deferred Payment on Precomputed Loan

(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.

Or. Admin. Code § 441-730-0180

BB 14, f. & ef. 11-15-76; BB 3-1978, f. 5-16-78, ef. 7-1-78; BB 5-1982, f. 9-1-82, ef. 9-15-82; Renumbered from 805-075-0120; FCS 2-2001, f. 1-22-01, cert. ef. 3-22-01; FCS 3-2009, f. & cert. ef. 6-2-09; FCS 6-2010, f. & cert. ef. 6-4-10

Stat. Auth.: ORS 725.505

Stats. Implemented: ORS 725.340(2)