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Oregon Promissory Note PDF

Not Attorney-ReviewedAuthor: Arjun AnnamalaiMethodology: Statutory Verification

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Oregon at a glance: Usury Limit: 9% per year · Governing Law: Or. Rev. Stat. § 82.010

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Overview

Promissory Notes in Oregon

Oregon limits interest rates to 9% per year, although loans over $50,000 or those made by licensed entities are exempt.
Key Facts

Oregon Promissory Note — Quick Reference

RequirementOregon Rule
Usury Limit9% per year
Governing LawOr. Rev. Stat. § 82.010
Legal Requirements

Oregon Legal Requirements

  • Interest rate cannot exceed 9% unless an exemption applies.
Governing Laws

Oregon Governing Laws

Or. Rev. Stat. § 82.010
Legal Rate of Interest
Limits interest rates to 9% per year on written agreements.

Read the full text of these laws at Cornell Law School's Oregon legal resources or your state legislature's official website.

Questions & Answers

Oregon Promissory Note — Frequently Asked Questions

What is the usury ceiling in Oregon?

The ceiling is 9% per year for standard personal loans.