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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) No provision in a retail installment contract for confession of judgment, power of attorney therefor, or wage assignment is enforceable.
(2) No provision in a retail installment contract that authorizes a motor vehicle dealer or holder of the contract or other person acting on the behalf of the motor vehicle dealer or holder to enter upon the buyer's premises unlawfully, or to commit any breach of the peace in the repossession of a motor vehicle is enforceable.
(3) No provision in a retail installment contract by which the buyer waives any right of action against the motor vehicle dealer or holder of the contract, or other person acting on the behalf of the motor vehicle dealer or holder, for any illegal act committed in the collection of payments under the contract or in the repossession of the motor vehicle is enforceable.
(4) No provision in a retail installment contract by which the buyer executes a power of attorney appointing the motor vehicle dealer or holder of the contract, or other person acting on the behalf of the motor vehicle dealer or holder, as the buyer's agent in collection of payments under the contract or in the repossession of the motor vehicle, is enforceable.
(5) No provision in a retail installment contract relieving the motor vehicle dealer from liability for any legal remedies that the buyer may have had against the motor vehicle dealer under the contract, or any separate instrument executed in connection therewith, is enforceable.
Cite this article: FindLaw.com - Oregon Revised Statutes Commercial Transactions § 83.670 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-8-commercial-transactions/or-rev-st-sect-83-670/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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