OAR 441-735-0160: Daily-Interest Computation

Edition: Current OARD snapshotEffective: 2012-07-23Last verified: 2026-09-07

Interest on a loan may be computed on a daily basis using a 365-day factor. In determining the elapsed time to compute interest or a refund of interest, on such a loan, the maximum charge for each day must be 1/365th of the annual rate.

Official history and status

Statutory/Other Authority: ORS 725A.092

Statutes/Other Implemented: ORS 725A.062 & 725A.064

History: FCS 2-2012, f. & cert. ef. 7-23-12 FCS 7-2010, f. & cert. ef. 6-4-10

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Official source: https://secure.sos.state.or.us/oard/