(a) The assignor is a motor vehicle dealer or retail seller;
(b) The assignee regularly extends credit to natural persons primarily for personal, family or household purposes;
(c) The credit is subject to a service charge or finance charge or is payable by a written agreement in more than four installments; and
(d) The retail installment contract is in the form regularly used by the assignee in similar transactions.
(2) The assignee of a motor vehicle dealer or retail seller regularly extends credit to natural persons primarily for personal, family or household purposes only if the assignee extended credit more than 25 times in the preceding calendar year or more than five times in the preceding calendar year for transactions secured by a dwelling. If the assignee does not meet these numerical standards in the preceding calendar year, the numerical standards shall be applied to the current calendar year. [1991 c.296 §2; 1999 c.240 §3; 2001 c.117 §14]
Note: See note under 83.811.
Structure 2021 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 083 - Retail Installment Contracts
Section 83.010 - Definitions for ORS 83.010 to 83.190.
Section 83.020 - Retail installment contract requirements; exceptions.
Section 83.030 - Contents of contract.
Section 83.050 - Contracts completed by mail and based on catalog of seller.
Section 83.080 - Informing buyer of service charge and right to prepay; monthly statement.
Section 83.095 - Service charge computed by actuarial method.
Section 83.100 - Extra charges; miscellaneous provisions of contract.
Section 83.130 - Voluntary prepayment by buyer; refund.
Section 83.140 - Consolidation of purchases with prior contract.
Section 83.150 - Unenforceable contract provisions.
Section 83.510 - Definitions for ORS 83.510 to 83.680.
Section 83.520 - Form and contents of retail installment contract.
Section 83.530 - Filling blanks.
Section 83.565 - Finance charge computed by actuarial method; requirements; notice.
Section 83.620 - Voluntary prepayment by buyer; refund.
Section 83.650 - Effect of negotiation of notes on rights against motor vehicle dealer.
Section 83.670 - Unenforceable contract provisions.
Section 83.710 - Definitions for ORS 83.710 to 83.750; application of ORS 83.710 to 83.750.
Section 83.715 - Telephone solicitation sale; contract; contents.
Section 83.720 - Cancellation of home solicitation sale; notice; exception.
Section 83.740 - Duties of seller upon cancellation of sale or revocation of offer to purchase.
Section 83.820 - Consumer paper; negotiability; exception; rights and liabilities of assignees.
Section 83.850 - Definitions for ORS 83.850 and 83.860.
Section 83.875 - Definitions for ORS 83.875, 83.880, 83.890 and 83.895.
Section 83.880 - Sale of motor vehicles, goods or services as time sale rather than loan.
Section 83.890 - Notice required in contract when seller intends to transfer contract.