OAR 441-735-0250: Receipt to Be Furnished to Borrower Upon Request

(1) When the borrower requests a receipt for a payment on a loan for which interest is to be computed on a daily basis, the receipt must specify: (a) The amount applied to interest, if any; (b) The date to which the interest is paid, or the dollar amount short, if payment is insufficient to pay interest to date; (c) The amount applied to principal, if any; and (d) The unpaid principal of such loan, if any. (2) When a borrower requests a receipt for a payment on a loan that is contracted for interest to be precomputed, the receipt must specify: (a) The amount of the payment applied to the loan and any default charges; and (b) The amount of the unpaid balance of the loan and charges, if any.