ORS § 726.310

Current through 2024 Regular Session legislation effective April 4, 2024
Section 726.310 - Person entitled to redeem pledge; return of pledge stored off premises
(1) Except as otherwise provided in this chapter, a person that holds a memorandum or pawn ticket is the person entitled to redeem the pledge associated with the memorandum or pawn ticket. A pawnbroker shall deliver the pledge to the person presenting such memorandum or pawn ticket upon payment of principal and interest due on the pledge loan.
(2) If a pawnbroker holds a pledge at a location that is off the premises of the business location at which the pawnbroker made the pledge loan or at which a person redeems the pledge, the pawnbroker shall return the pledge within two business days after the date on which the person redeems the pledge.

ORS 726.310

Amended by 2019 Ch. 10,§ 2, eff. 91st day after sine die, op. 1/1/2020.