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.