Oregon Statutes - Chapter 646A - Trade Regulation - Section 646A.242 - “Creditor” defined.

As used in ORS 646A.240 to 646A.244, “creditor” means a person who, in the ordinary course of the person’s business, regularly permits debtors to defer payment of their debts, or to incur debt and defer the payment thereof, and in either case, to pay the same with a finance charge or in more than four installments. [Formerly 646.863]

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Last modified: August 7, 2008