Section 83.890 – Notice required in contract when seller intends to transfer contract.
(1) If the seller intends to transfer the retail installment contract to a holder, who has agreed with the seller to collect payments directly from the retail buyer, the contract shall contain the following notice which shall be in at least 8-point type, or elite typewriter type, and be located on the same side of […]
Section 83.895 – Effect of seller’s failure to provide notice.
Any seller who violates ORS 83.890 shall be subject to the provisions contained in ORS 83.170. [1977 c.274 §4]
Section 83.885 – Sale of motor vehicles, personal property or services for business or commercial purposes as time sale rather than loan.
A retail installment contract for the sale of motor vehicles, other personal property or services purchased primarily for business or commercial purposes, which discloses both a cash price and a deferred payment or time price, constitutes a bona fide time sale rather than a loan or use of money, notwithstanding that the contract is intended […]
Section 83.811 – Exemption from certain disclosure requirements for motor vehicle dealer or retail seller.
(1) The disclosure provisions of ORS 83.010 to 83.680 and 83.990 shall not apply to any motor vehicle dealer or retail seller entering into a retail installment transaction when: (a) The motor vehicle dealer or retail seller regularly enters into retail installment transactions; and (b) The terms of the retail installment transaction provide for payment […]
Section 83.813 – Exemption from certain disclosure requirements for assignee of retail installment contract.
(1) The disclosure provisions of ORS 83.010 to 83.680 and 83.990 shall not apply to the assignee of any retail installment contract when: (a) The assignor is a motor vehicle dealer or retail seller; (b) The assignee regularly extends credit to natural persons primarily for personal, family or household purposes; (c) The credit is subject […]
Section 83.820 – Consumer paper; negotiability; exception; rights and liabilities of assignees.
(1) In any contract for the sale or lease of motor vehicles on any form of credit, or of consumer goods or services on credit, entered into between a motor vehicle dealer, retail seller or retail lessor and a retail buyer or retail lessee, such contract, note or any instrument or evidence of indebtedness of […]
Section 83.850 – Definitions for ORS 83.850 and 83.860.
As used in ORS 83.850 and 83.860: (1) “Financing agency,” “motor vehicle dealer,” “retail lease,” “retail lessee” and “retail lessor” have the meanings given those terms in ORS 83.510. (2) “Goods” has the meaning for that term provided in ORS 83.010. (3) “Motor vehicle” means a motor vehicle as defined in ORS 83.510 purchased primarily […]
Section 83.860 – Applicability of claims and defenses of borrower or lessee when loan made or lease funded in close connection with sale or retail lease.
(1) If a lender makes a loan in close connection with the sale of goods or motor vehicles, the lender is subject to all claims and defenses of the borrower that the borrower as buyer has against the seller or motor vehicle dealer arising out of the sale, notwithstanding any agreement to the contrary. However, […]
Section 83.875 – Definitions for ORS 83.875, 83.880, 83.890 and 83.895.
As used in ORS 83.875, 83.880, 83.890 and 83.895: (1) “Goods” has the meaning for that term provided in ORS 83.010. (2) “Motor vehicles” means a motor vehicle as defined in ORS 83.510, purchased primarily for personal, family or household purposes and not primarily for business or commercial purposes. (3) “Retail charge agreement” has the […]
Section 83.880 – Sale of motor vehicles, goods or services as time sale rather than loan.
A retail installment contract or retail charge agreement for the sale of motor vehicles, goods or services constitutes a bona fide time sale rather than a loan or a use of money; provided that if the contract covers motor vehicles, goods or services purchased primarily for personal, family or household use and not primarily for […]