Oregon Residents!
Date: Mon, 08/28/2006 - 23:42
This law goes into effect July 2007-
SB 1105 caps interest on payday loans at 36% apr, caps fees at 10%, Increases the minimum term of a loan to 31 days, sets maximum loan rollovers at 2, forces a 7 day waiting period between Payday Loans and limits returned check fees to $25.00.
SB 1105 caps interest on payday loans at 36% apr, caps fees at 10%, Increases the minimum term of a loan to 31 days, sets maximum loan rollovers at 2, forces a 7 day waiting period between Payday Loans and limits returned check fees to $25.00.
This is good info. I did a search on this and found out the Stat
This is good info. I did a search on this and found out the State Action blog. Most of the state laws are coded here. This will be helpful to many.
http://www.stateaction.org/blog/?cat=63
