2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 83
83.885 Sale of motor vehicles, personal property or services for business or commercial purposes as time sale rather than loan.


OR Rev Stat § 83.885 (through Leg Sess 2011) What's This?

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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