Or. Admin. R. 150-294-0150

Current through Register Vol. 63, No. 6, June 1, 2024

Section 150-294-0150 - Calculation of Interest on Late Payments

The interest rate calculation must be carried out a minimum of seven places to the right of the decimal point and rounded back to six places to the right of the decimal point. When rounding back to the sixth place, all numbers five and above increase the sixth place by one; all numbers four or less have no effect on the sixth place number.

RD 3-1989, f. 12-18-89, cert. ef. 12-31-89; REV 3-2001, f. 7-31-01, cert. ef. 8-1-01, Renumbered from 150-294.005(Note)-(E); Renumbered from 150-294.187(1)(c), REV 41-2016, f. 8-12-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 294.187