Oregon Statutes 83.560 – Finance charge
Current as of: 2023 | Check for updates
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A motor vehicle dealer may, in a retail installment contract, contract for and charge, receive and collect a finance charge agreed upon by the motor vehicle dealer and buyer. [1957 c.625 19,20,21; 1979 c.816 § 3; 1981 c.412 § 2; 2001 c.117 § 7]
Terms Used In Oregon Statutes 83.560
- Contract: A legal written agreement that becomes binding when signed.
- Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC