Notice to borrower of lender authority to refuse to accept repayment prior to date for repayment in loan agreement.

  1. Law
  2. Oregon Revised Statutes
  3. Business Organizations, Commercial Code
  4. Interest; Repayment Restrictions
  5. Notice to borrower of lender authority to refuse to accept repayment prior to date for repayment in loan agreement.

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NOTICE TO THE BORROWER

Do not sign this loan agreement before you read it. This loan agreement authorizes the lender to refuse to accept repayment of the loan prior to the date provided for repayment in the loan agreement.

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(2) If a loan agreement does not contain a notice as required by subsection (1) of this section, a lender shall not refuse to accept repayment of the loan by the borrower prior to the date provided for repayment. [1973 c.611 §2; 1985 c.359 §2]


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