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Consumer finance

Installment loans licensing

Companies that offer personal loans of $50,000 or less at an annual interest exceeding 12 percent must get a license from the division. This applies to loans for personal or household use. No consumer finance license is required for business loans, commercial loans, purchase money loans, or retail installment sales contracts. The license requirements extend to agents, brokers, or facilitators of the loan company.

How to apply

Oregon requires all new lenders to apply through The Nationwide Mortgage Licensing System (NMLS). Follow the NMLS instructions to get an Oregon license and complete criminal background and credit check authorization forms.

Interest rate and fee

The annual percentage rate (interest and fees) on the loans you offer may not exceed 36 percent.

Consumer finance discount rate order - 2020

Annual reports

All licensees must file an annual report by March 31 each year. The report must cover your operations for the previous calendar year.


See the NMLS Oregon page to apply for a license renewal.


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