Oregon HB4116 clarifies the scope of state consumer finance laws and license application requirements.

Oregon HB4116 specifies that state consumer finance laws apply to individuals and entities making loans of $50,000 or less to consumers in Oregon. It outlines the information required for a license application, including personal and business addresses, a unique identifier, fingerprints for background checks, and a personal history summary. The bill also declares that certain federal amendments do not apply to Oregon's consumer finance loans. The changes take effect 91 days after the legislative session ends.

Oregon HB4116 clarifies the scope of state consumer finance laws and license application requirements.

Oregon HB4116 specifies that state consumer finance laws apply to individuals and entities making loans of $50,000 or less to consumers in Oregon. It outlines the information required for a license application, including personal and business addresses, a unique identifier, fingerprints for background checks, and a personal history summary. The bill also declares that certain federal amendments do not apply to Oregon's consumer finance loans. The changes take effect 91 days after the legislative session ends.