
| Rapid Recovery Locations |
| Lake Oswego Lake Oswego, OR 97035 Portland Portland, OR 97204 Portland, OR 97223 World Trade Center Portland, OR 97204 |
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Oregon Collection Laws The following is a summary of the Oregon Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise. We make no warranty, express or implied concerning any information contained on this Oregon Collection Laws page, and we assume no liability for its use. Oregon Collection Laws Interest Rate Statutory + Judgment: 9% simple interest per annum (Unless specified by contract) Oregon Collection Laws Statute Of Limitations (Years) Open account: 6 Sale of Goods: 6 (4 yrs UCC Transaction) Written Contract: 6 Domestic Judgment: 10 - Renewable at 10 Foreign Judgment: 10 Oregon Collection Laws Bad Check Laws (NSF) (Civil Penalty) Can recover reasonable attorney fees & statutory damages of three times the amount of the NSF check plus$500 if demand letter is sent to debtor 30 days before suit is filed Oregon Collection Laws General Garnishment Exemptions 75% of disposable earnings or 40 x Federal minimum hourly wage Oregon Collection Laws Collection Agency Bond & Licensing Rules Bond: No License: Registration only Fee: Established by director Exemption for out-of-state collectors: Contact state authorities. Out-of-state agencies may be exempt if [1] collecting for out-of-state client; [2] the debt was incurred by an Oregonian outside the state; and [3] the state where the collection agency is headquartered has a registration program comparable to Oregon's law. Rapid Recovery hopes that this information assists you in finding a Oregon Collection Agency and researching Oregon collection laws. |