Oregon Statutes - Chapter 83 - Retail Installment Contracts - 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 to be transferred, or is transferred, to a holder pursuant to a business relationship however characterized. [1977 c.274 §6]

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Last modified: August 7, 2008