The Creditors Guide To Oregon Collection LawsFollowing is a some important information on OregonCollection Laws including: Oregon Statutes, Oregon Judgments, Oregon Garnishments, Oregon Interest Rates, Oregon Bad Check Laws and Oregon Collection Agency Requirements. Please be sure that you check the Oregon State website for the latest updates to the Oregon Collection Agency Laws.
INTEREST RATE - Statutory + Judgment: 9% simple interest per annum (Unless specified by contract)
STATUTE OF LIMITATIONS (IN YEARS) - Open Acct.: 6
- Sale of Goods: 6 (4 yrs UCC Transaction)
- Written Contract: 6
- Domestic Judgment: 10 - Renewable at 10
- Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
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. GENERAL GARNISHMENT EXEMPTIONS
75% of disposable earnings or 40 x fed. min. hourly wage. COLLECTION AGENCY BOND & LICENSE - 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.
Recommended Oregon Collection Agency Listings:
OregonCollection Agency
Debt-Collection-Laws.com offers you a directory of the top ranked debt collection agencies in the United States by state. Please note this website site not intended to give legal advice and may not be complete or up to date with the most current Oregon collection laws changes. | 
