Oregon Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Oregon collection agencies are also regulated by Oregon debt collection laws. Discover: Oregon collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Oregon collection agency license and bonding information.
Summary of the Oregon fair debt collection practices laws:
OREGON INTEREST RATE
Statutory + Judgment: 9% simple interest per annum |Unless specified by contract|
OREGON STATUTE OF LIMITATIONS |in years|
Open Accounts: 6
Sale of Goods: 6 |4 yrs UCC Transaction|
Written Contract: 6
Domestic Judgment: 10 – Renewable at 10
Foreign Judgment: 10
OREGON BAD CHECK LAWS |NSF|
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 WAGE GARNISHMENT EXEMPTIONS
75% of disposable earnings or 40 x fed. min. hourly wage.
OREGON COLLECTION AGENCY BONDING and LICENSING REQUIREMENTS
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.
Oregon Debt Collection Laws
Please note: Oregon debt collection laws can change over time, and you need to consult with an attorney before you use this information.
Oregon Debt Collection Laws
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