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2019 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 726 - Pawnbrokers
Section 726.310 - Person entitled to redeem pledge; return of pledge stored off premises.
Universal Citation: OR Rev Stat § 726.310 (2019)
(1) Except as otherwise provided in this chapter, a person that holds a memorandum or pawn ticket is the person entitled to redeem the pledge associated with the memorandum or pawn ticket. A pawnbroker shall deliver the pledge to the person presenting such memorandum or pawn ticket upon payment of principal and interest due on the pledge loan.
(2) If a pawnbroker holds a pledge at a location that is off the premises of the business location at which the pawnbroker made the pledge loan or at which a person redeems the pledge, the pawnbroker shall return the pledge within two business days after the date on which the person redeems the pledge. [Amended by 2019 c.10 §2]
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