Oregon Statutes 697.115 – Fee for collection of commercial debt; amount; limit
(1) As used in this section, ‘commercial debt’ means any obligation for payment of money or thing of value arising out of an agreement or contract, express or implied, in which the transaction that is the subject of the agreement or contract is not primarily for personal, family or household purposes.
Terms Used In Oregon Statutes 697.115
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) A person using a private collection agency to collect a commercial debt owed to the person may add a reasonable fee to the amount of the commercial debt, payable by the debtor, to compensate the person, in whole or in part, for the collection agency fee incurred or to be incurred. A person may not add a fee under this section that:
(a) Exceeds the collection fee of the private collection agency; or
(b) Was not authorized in the agreement or contract creating the commercial debt. [2003 c.66 § 2; 2007 c.204 § 2]
[Amended by 1953 c.520 § 5; 1961 c.686 § 3; 1974 c.25 § 6; 1975 c.364 § 12; repealed by 1981 c.85 § 17]
[Amended by 1953 c.520 § 5; repealed by 1959 c.525 § 36]
[Repealed by 1959 c.525 § 36]
[Amended by 1953 c.520 § 5; repealed by 1959 c.525 § 36]
[1959 c.525 § 13; 1961 c.686 § 4; 1963 c.558 § 6; 1971 c.119 § 4; 1974 c.25 § 7; 1975 c.364 § 13; repealed by 1981 c.85 § 17]
[Amended by 1953 c.520 § 5; repealed by 1959 c.525 § 36]
[Amended by 1953 c.520 § 5; repealed by 1959 c.525 § 36]
[Amended by 1959 c.525 § 16; 1963 c.558 § 16; 1963 c.580 § 60; 1969 c.591 § 300; 1975 c.364 § 14; repealed by 1981 c.85 § 17]
[Amended by 1957 § 469 § 1; repealed by 1959 c.525 § 36]
[Repealed by 1959 c.525 § 36]
[1959 c.525 § 14; 1963 c.580 § 61; 1969 c.373 § 10; 1975 c.364 § 15; repealed by 1981 c.85 § 17]
[Amended by 1959 c.525 § 17; 1963 c.558 § 7; 1975 c.364 § 16; repealed by 1981 c.85 § 17]
[Amended by 1975 c.364 § 17; repealed by 1981 c.85 § 17]
[Amended by 1959 c.525 § 18; 1963 c.580 § 62; 1975 c.364 § 18; repealed by 1981 c.85 § 17]
[Amended by 1959 c.525 § 19; repealed by 1973 c.794 § 34]
[Amended by 1959 c.525 § 20; 1963 c.558 § 8; 1963 c.580 § 63; 1975 c.364 § 19; repealed by 1981 c.85 § 17]
[1959 c.525 § 22; 1975 c.364 § 20; 1977 c.185 § 10; repealed by 1981 c.85 § 17]
[Amended by 1957 c.429 § 2; 1959 c.525 § 23; 1963 c.558 § 9; 1975 c.364 § 21; repealed by 1981 c.85 § 17]
[1974 c.25 § 9; 1975 c.364 § 22; repealed by 1981 c.85 § 17]
[Amended by 1959 c.525 § 24; 1975 c.364 § 23; 1977 c.185 § 11; repealed by 1981 c.85 § 17]
[Repealed by 1959 c.525 § 36]
[1959 c.525 § 15; 1963 c.558 § 10; 1963 c.580 § 64; 1969 c.373 § 11; 1973 c.547 § 6; 1975 c.364 § 24; repealed by 1981 c.85 § 17]
[Amended by 1959 c.525 § 25; repealed by 1971 c.734 § 21]
[1975 c.364 § 33; repealed by 1981 c.85 § 17]
[1975 c.364 § 34; repealed by 1981 c.85 § 17]
[1963 c.580 § 57; 1975 c.364 § 25; repealed by 1981 c.85 § 17]
[Repealed by 1959 c.525 § 36]
[1975 c.364 § 36; repealed by 1981 c.85 § 17]
[1963 c.580 § 56; repealed by 1975 c.364 § 38]
[Amended by 1959 c.525 § 26; 1963 c.558 § 11; 1971 c.119 § 5; 1975 c.364 § 26; repealed by 1981 c.85 § 17]
[1977 c.185 § 2; repealed by 1981 c.85 § 17]
[1969 c.373 § 2; 1975 c.364 § 27; repealed by 1981 c.85 § 17]
[1969 c.373 § 3; 1975 c.364 § 28; repealed by 1981 c.85 § 17]
[1969 c.373 § 4; 1975 c.364 § 29; repealed by 1981 c.85 § 17]
[1975 c.364 § 35; repealed by 1981 c.85 § 17]
[Repealed by 1959 c.525 § 36]
[1959 c.525 § 29; 1963 c.558 § 12; repealed by 1963 c.580 § 103]
[1963 c.580 § 52; 1969 c.314 § 98; 1971 c.753 § 39; 1975 c.364 § 30; 1977 c.185 § 12; repealed by 1981 c.85 § 17]
[Repealed by 1959 c.525 § 36]
[1959 c.525 § 30; 1963 c.558 § 13; repealed by 1963 c.580 § 103]
[1963 c.580 § 54; repealed by 1971 c.753 § 74]
[Repealed by 1959 c.525 § 36]
[1959 c.525 § 31; repealed by 1963 c.580 § 103]
[1963 c.580 § 55; 1975 c.364 § 31; 1977 c.185 § 13; repealed by 1981 c.85 § 17]
[Amended by 1953 c.518 § 2; 1957 c.469 § 3; repealed by 1959 c.525 § 36]
[Amended by 1959 c.525 § 32; repealed by 1981 c.85 § 17]
[Amended by 1959 c.525 § 33; repealed by 1971 c.753 § 74]
[Amended by 1959 c.525 § 34; 1963 c.558 § 14; 1967 c.216 § 1; repealed by 1971 c.753 § 74]
[Repealed by 1981 c.85 § 17]
[Renumbered as part of 697.992]
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