ORS 83.030
Contents of contract


The retail installment contract shall contain the names of the seller and the buyer, the place of business of the seller, the residence or other address of the buyer as specified by the buyer and a description or identification of the goods sold or to be sold, or services furnished or rendered or to be furnished or rendered. The contract also shall contain the following items, which shall be set forth in the sequence appearing below; however, additional items may be included to explain the calculations involved in determining the balance to be paid by the buyer:

(1)

The cash sale price of each item of goods or services;

(2)

The amount of the buyer’s down payment, identifying the amounts paid in money and allowed for goods traded in;

(3)

The difference between subsections (1) and (2) of this section;

(4)

The aggregate amount, if any, included for insurance, specifying the type or types of insurance and the terms of coverage;

(5)

The aggregate amount of official fees;

(6)

The principal balance, which is the sum of subsections (3), (4) and (5) of this section;

(7)

The dollar amount or rate of the service charge;

(8)

The amount of the time balance owed by the buyer to the seller, which is the sum of subsections (6) and (7) of this section, if subsection (7) is stated in a dollar amount; and

(9)

The maximum number of installment payments required, the amount of each installment and the due date of each payment necessary to pay such balance. However, if installment payments other than the final payment are stated as a series of equal scheduled amounts and if the amount of the final installment payment does not substantially exceed the scheduled amount of each preceding installment payment, the maximum number of payments and the amount and due date of each payment need not be separately stated and the amount of the scheduled final installment payment may be stated as the remaining unpaid balance. The due date of the first installment payment may be fixed by a day or date or may be fixed by reference to the date of the contract or to the time of delivery or installation. [1963 c.489 §4]

Source: Section 83.030 — Contents of contract, https://www.­oregonlegislature.­gov/bills_laws/ors/ors083.­html.

Notes of Decisions

Contractor who violated provisions of this section by failing to particularize cash price of each item of goods or services was nonetheless entitled, under ORS 83.170 to recover from homeowner value of goods and services provided by contractor. Tri-West Construction v. Hernandez, 43 Or App 961, 607 P2d 1375 (1979), Sup Ct review denied

83.010
Definitions for ORS 83.010 to 83.190
83.020
Retail installment contract requirements
83.030
Contents of contract
83.040
Subsequent purchases under original contract
83.050
Contracts completed by mail and based on catalog of seller
83.060
Filling blanks
83.070
Delivery of copy of contract to buyer
83.080
Informing buyer of service charge and right to prepay
83.090
Service charge
83.095
Service charge computed by actuarial method
83.100
Extra charges
83.110
Insurance
83.120
Receipts
83.130
Voluntary prepayment by buyer
83.140
Consolidation of purchases with prior contract
83.150
Unenforceable contract provisions
83.160
Waiver of ORS 83.010 to 83.190
83.170
Effect of violation of ORS 83.010 to 83.190 by seller
83.180
Enforcement of ORS 83.010 to 83.190
83.190
Civil penalties
83.510
Definitions for ORS 83.510 to 83.680
83.520
Form and contents of retail installment contract
83.530
Filling blanks
83.540
Delivery of copy of contract to buyer
83.560
Finance charge
83.565
Finance charge computed by actuarial method
83.580
Insurance
83.590
Delinquency and collection charges
83.600
Schedule of payments
83.610
Delivery to buyer of instrument indicating full payment
83.620
Voluntary prepayment by buyer
83.630
Extension of scheduled due date
83.635
Acceptance of retail installment contract by lender
83.650
Effect of negotiation of notes on rights against motor vehicle dealer
83.660
Acceleration provision
83.670
Unenforceable contract provisions
83.680
Waiver of provisions of ORS 83.510 to 83.680
83.710
Definitions for ORS 83.710 to 83.750
83.715
Telephone solicitation sale
83.720
Cancellation of home solicitation sale
83.730
Written agreement or offer to purchase
83.740
Duties of seller upon cancellation of sale or revocation of offer to purchase
83.750
Rights and duties of buyer upon cancellation of sale or revocation of offer to purchase
83.811
Exemption from certain disclosure requirements for motor vehicle dealer or retail seller
83.813
Exemption from certain disclosure requirements for assignee of retail installment contract
83.820
Consumer paper
83.850
Definitions for ORS 83.850 and 83.860
83.860
Applicability of claims and defenses of borrower or lessee when loan made or lease funded in close connection with sale or retail lease
83.875
Definitions for ORS 83.875, 83.880, 83.890 and 83.895
83.880
Sale of motor vehicles, goods or services as time sale rather than loan
83.885
Sale of motor vehicles, personal property or services for business or commercial purposes as time sale rather than loan
83.890
Notice required in contract when seller intends to transfer contract
83.895
Effect of seller’s failure to provide notice
83.990
Penalties
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