Oregon Administrative Rules|Section 441-740-0016 - Daily-Interest Computation

                                                
Current through Register Vol. 60, No. 12, December 1, 2021 
Interest on a loan must be computed on a daily basis using a 365-day year. The maximum charge for each day shall be 1/365th of the annual rate when calculating the elapsed time of the loan.
 
Or. Admin. R. 441-740-0016
FCS 11-2008, f. &cert. ef. 11-13-08
Stat. Auth.: ORS 726.260
 
Stats. Implemented: ORS 726.390