Oregon Governor Signs DIDMCA Opt-Out Bill

On April 7, Oregon Governor Tina Kotek signed House Bill 4116 into law, completing Oregon’s opt-out of Section 521 of DIDMCA for certain consumer finance loans in the state. The bill (previously discussed here) amends the Oregon Consumer Finance Act and provides that DIDMCA’s interest-rate exportation framework does not apply to covered consumer finance loans made in Oregon.... By: Sheppard, Mullin, Richter & Hampton LLP