Or. Admin. Code § 441-740-0016
Current through Register Vol. 63, No. 10, October 1, 2024
Interest on a loan must be computed on a daily basis using a 365-day year. The maximum charge for each day shall be 1/365th of the annual rate when calculating the elapsed time of the loan.
Or. Admin. Code § 441-740-0016
Stat. Auth.: ORS 726.260
Stats. Implemented: ORS 726.390