Oregon Statutes 726.410 – Record of forfeited pledges
Every pawnbroker shall keep an indelible record, fully itemized, of all forfeited pledges. The record shall contain the following information:
Terms Used In Oregon Statutes 726.410
- Pawnbroker: means a person, copartnership, association or corporation that:
(a) Lends money at a rate of interest greater than 10 percent per annum on the deposit or pledge of personal property;
(b) Purchases personal property on the direct or implied condition of selling the personal property back at a stipulated price that would amount to paying interest or consideration in excess of 10 percent per annum; or
(c) Does business as a storage warehouse operator and lends money at a rate of interest greater than 10 percent per annum upon goods, wares, merchandise or personal property pledged or deposited as collateral security. See Oregon Statutes 726.010
- Pledge: means personal property deposited with a pawnbroker in the course of the business of the pawnbroker. See Oregon Statutes 726.010
- Pledge loan: means a loan that a pawnbroker makes to a pledgor and that is secured by a pledge. See Oregon Statutes 726.010
- Pledgor: means a person who delivers a pledge into the possession of a pawnbroker, unless the person discloses that the person is or was acting for another, in which event 'pledgor' means the disclosed principal. See Oregon Statutes 726.010
(1) The number of the pledge.
(2) The name and address of the pledgor.
(3) The date of the pledge loan or the date of the last payment received as interest or principal.
(4) The date of mailing notice.
(5) The date of forfeiture. [Amended by 1985 c.795 § 3]