Payday lending is legal in Oregon. The APR is capped at 36%, lenders cannot charge more than this amount. 2 rollovers are allowed. Criminal actions against borrowers are prohibited.
3) Limits on number of loans: If a borrower takes out three payday loans in "quick succession," lenders must cut them off for 30 days. Also, unless they can prove an ability to pay it all back, borrowers cannot take out more than one payday loan at a time.Oct 7, 2017