Oregon legislation · 2026 Legislative Measures
Oregon HB4116: Relating to consumer finance loans; and prescribing an effective date.
Status: Chaptered, April 13, 2026
Digest: Declares that this state does not want a certain federal law to apply to consumer finance loans made in this state. Says who the laws that govern consumer finance loans in this state apply to and when. Says what needs to be in an application for a license to make consumer finance loans in this state. (Flesch Readability Score: 73.0). Declares that this state does not want the amendments set forth in section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 to apply to consumer finance loans made in this state. Specifies persons to whom the consumer finance laws of this state apply and circumstances in which the laws apply. Specifies the requirements for an application for a license to make consumer finance loans in this state. Takes effect on the 91st day following adjournment sine die.
What the bill says
From the enrolled text, March 5, 2026:
83rd OREGON LEGISLATIVE ASSEMBLY--2026 Regular Session House Bill 4116 Sponsored by Representative SOSA, Senator NERON MISSLIN, Representatives BOWMAN, ANDERSEN, WISE, Senators CAMPOS, GOLDEN, PATTERSON, PROZANSKI; Representatives CHAICHI, GAMBA, GOMBERG, HELM, HUDSON, MCLAIN, MUNOZ, NATHANSON, NELSON, TRAN, WALTERS, Senators FREDERICK, JAMA, PHAM K, SOLLMAN (Presession filed.) CHAPTER ................................................. Relating to consumer finance loans; creating new provisions; amending ORS 725.015, 725.120 and 725.370; and prescribing an effective date. SECTION 1. ORS 725.015 is amended to read: 725.015. (1) Except as provided in subsection (2) of this section, [Nothing in] this chapter [shall be construed or held to] does not limit [the] a person's rights, powers or privileges [granted to any person by any] under another law of this state or of the United States [whereby the loaning of money or extending of] that regulates lending money or extending credit [is regulated, provided that such person is operating in compliance with the provisions of such law] if the person complies with the other law. (2) The Legislative Assembly hereby declares that this state does not want any of the amendments set forth in section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (P.L. 96-221, 94 Stat. 132) to apply to consumer finance loans made in this state. (3) A person is subject to this chapter if the person engages …