ORS 83.885: Sale of motor vehicles, personal property or services for business or commercial purposes as time sale rather than loan.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
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 to be transferred, or is transferred, to a holder pursuant to a business relationship however characterized. [1977 c.274 §6]
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors083.html