{"data":{"id":"us-or/ors-746.495","jurisdiction":"us-or","citation":"ORS 746.495","heading":"Delinquency charges regulated.","body":"(1) A premium finance agreement may provide for the payment by the insured of a delinquency charge for any payment that is in default for a period of 10 days or more. Such charge may be made for each month or fraction thereof that the payment is in default. The amount of such charge may be a minimum of $1 and as a maximum shall be subject to the following limits:\n      (a) For delinquent payments of less than $250, five percent of the payment or $5, whichever is less; or\n      (b) For delinquent payments of $250 or more, two percent of the payment.\n      (2) If a payment default results in the cancellation of any insurance policy listed in the agreement, the agreement may provide for the payment by the insured of a cancellation charge of $5, less any delinquency charges imposed in respect to the payment in default.","path":["18 - Financial Institutions, Insurance","56. Insurance","Chapter 746 — Trade Practices"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors746.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"06413a70e9b4cacf0db72b046d7f5f6611592379e048362ffe87e2ae08092754","source_id":"us-or","stale":false,"prev":"us-or/ors-746.485","next":"us-or/ors-746.505"},"notice":"GroundRules: Original legal text. Not legal advice."}