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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) If a loan agreement authorizes the lender to refuse to accept repayment of the loan prior to the date provided for repayment in the loan agreement, the loan agreement shall contain in printing or writing of a size equal to at least 10-point bold or underlined type substantially the following notice:
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NOTICE TO THE BORROWER |
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Do not sign this loan agreement before you read it. This loan agreement authorizes the lender to refuse to accept repayment of the loan prior to the date provided for repayment in the loan agreement. |
(2) If a loan agreement does not contain a notice as required by subsection (1) of this section, a lender shall not refuse to accept repayment of the loan by the borrower prior to the date provided for repayment.
Cite this article: FindLaw.com - Oregon Revised Statutes Commercial Transactions § 82.170 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-8-commercial-transactions/or-rev-st-sect-82-170/
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