A question frequently asked in law libraries: What is the highest interest rate imposed on debts allowed by Oregon law?
Here is my 2009 (before the end of the current 2009 Legislative Session) answer to the general question, when it comes to me via email.
(Note: if your situation is more complex than trying to figure out what the interest rate on that unpaid parking ticket is going to be, or what to charge your adult child for a car loan, I recommend you talk to an attorney. Answers to questions about interest rates on credit cards, on debts, on child support, on money judgments, etc. need more research than the average person can do “on the web.” NO, no, no – it is NOT all online.)
The very shortest answer to the general question is “It Depends!”