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DOWNLOAD this Oregon Promissory Note Form when you need to document an agreement for the loaning of funds.  This form allows the parties to contract for a number of terms including how long the term of the loan will be, whether it will be paid back in several payments over the term or whether there will be a balloon payment at the end and whether or not the loan will be secured or unsecured.

USURY

The legal rate of interest in Oregon is 9% per year unless otherwise agreed in writing.  The maximum amount of interest chargeable on a loan $50,000 or less, is the greater of 12% per year or 5% per year in excess of the discount rate on 90-day commercial paper in effect at the Federal Reserve Bank in the district where the person making the loan is located. OR ST § 82.010

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