Oregon Debt Collection Laws and Statutes

Oregon Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Oregon.

Below you will find important information on Oregon state debt recovery laws including: Oregon Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: OREGON

Interest Rate

  • Statutory + Judgment: 9% simple interest per annum (unless specified by contract)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 6
  • Written Contract: 6
  • Sale of Goods: 6 (4 years UCC Transaction)
  • 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.

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