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NOTICE TO THE BORROWER
Do not sign this loan agreement before you read it. This loan agreement provides for the payment of a penalty if you wish to repay the loan prior to the date provided for repayment in the loan agreement.
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(2) If a loan agreement does not contain a notice as required by subsection (1) of this section, a lender shall not collect from the borrower a penalty for payment of the loan prior to the date provided for repayment. [1973 c.611 §1; 1985 c.359 §1]
Structure 2021 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 082 - Interest; Repayment Restrictions
Section 82.010 - Legal rate of interest; effect of violation.
Section 82.020 - Computation of interest; charges not included.
Section 82.025 - Exemptions from application of ORS 82.010 (3) and (4) and 82.020.