{"id":511,"date":"2026-03-18T15:04:00","date_gmt":"2026-03-18T19:04:00","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/bankinglaw\/?p=511"},"modified":"2026-03-18T15:04:01","modified_gmt":"2026-03-18T19:04:01","slug":"closing-the-loophole-oregon-takes-aim-at-out-of-state-lender-interest-rates","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/bankinglaw\/2026\/03\/18\/closing-the-loophole-oregon-takes-aim-at-out-of-state-lender-interest-rates\/","title":{"rendered":"Closing the Loophole \u2013 Oregon Takes Aim at Out-of-State Lender Interest Rates"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">On March 6, 2026, the Oregon state Senate passed HB 4116, a bill aimed at restricting out-of-state lenders from charging interest rates above Oregon\u2019s 36 percent cap when lending to Oregon borrowers. The bill, which previously cleared the Oregon House of Representatives, now heads to Governor Tina Kotek, who has indicated she plans to sign it into law. This <em>Alert<\/em> examines the background of state interest rate caps and the \u201cloophole\u201d that has allowed lenders to circumvent them, details Oregon\u2019s recent legislative response to that loophole, and outlines the potential implications for the consumer lending market if other states implement similar legislation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.duanemorris.com\/alerts\/closing_loophole_oregon_takes_aim_out_of_state_lender_interest_rates_0326.html\">Read the full <em>Alert<\/em> on the Duane Morris LLP website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 6, 2026, the Oregon state Senate passed HB 4116, a bill aimed at restricting out-of-state lenders from charging interest rates above Oregon\u2019s 36 percent cap when lending to Oregon borrowers. The bill, which previously cleared the Oregon House of Representatives, now heads to Governor Tina Kotek, who has indicated she plans to sign &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/bankinglaw\/2026\/03\/18\/closing-the-loophole-oregon-takes-aim-at-out-of-state-lender-interest-rates\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Closing the Loophole \u2013 Oregon Takes Aim at Out-of-State Lender Interest Rates&#8221;<\/span><\/a><\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[511,509,508,510],"ppma_author":[335,360,367],"class_list":["post-511","post","type-post","status-publish","format-standard","hentry","category-general","tag-hb-4116","tag-nathan-sosa","tag-oregon","tag-tina-kotek"],"authors":[{"term_id":335,"user_id":18,"is_guest":0,"slug":"jpetrakis","display_name":"Jonathan M. Petrakis","avatar_url":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-content\/uploads\/sites\/14\/2016\/04\/petrakisjonathan-125x150.jpg","author_category":"","last_name":"Petrakis","first_name":"Jonathan M.","job_title":"","user_url":"http:\/\/www.duanemorris.com\/attorneys\/jonathanmpetrakis.html","description":"<a href=\"http:\/\/www.duanemorris.com\/attorneys\/jonathanmpetrakis.html\">Read Jonathan's bio.<\/a>"},{"term_id":360,"user_id":478,"is_guest":0,"slug":"jne120","display_name":"Joel N. Ephross, P.C.","avatar_url":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-content\/uploads\/sites\/14\/2020\/07\/ephrossjoel-125x150.jpg","author_category":"","last_name":"Ephross","first_name":"Joel","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/joelnephross.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/joelnephross.html\">Read Joel's bio.<\/a>"},{"term_id":367,"user_id":496,"is_guest":0,"slug":"mwfargotstein","display_name":"Max W. Fargotstein","avatar_url":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-content\/uploads\/sites\/14\/2020\/11\/fargotsteinmax-125x150.jpg","author_category":"","last_name":"Fargotstein","first_name":"Max W.","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/maxfargotstein.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/maxfargotstein.html\">Read Max's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/comments?post=511"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/511\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/media?parent=511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/categories?post=511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/tags?post=511"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/ppma_author?post=511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}