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Code · Oregon · ORS Chapter 83 · Retail Installment Contracts · Miscellaneous

83.885 Sale of motor vehicles, personal property or services for business or commercial purposes as time sale rather than loan

94 words·~1 min read·/or/ors-chapter-83/retail-installment-contracts/miscellaneous/83-885·

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83.885 Sale of motor vehicles, personal property or services for business or commercial purposes as time sale rather than loan. A retail installment contract for the sale of motor vehicles, other personal property or services purchased primarily for business or commercial purposes, which discloses both a cash price and a deferred payment or time price, constitutes a bona fide time sale rather than a loan or use of money, notwithstanding that the contract is intended to be transferred, or is transferred, to a holder pursuant to a business relationship however characterized. [1977 c.274 §6]
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