The interest rate calculation must be carried out a minimum of seven places to the right of the decimal point and rounded back to six places to the right of the decimal point. When rounding back to the sixth place, all numbers five and above increase the sixth place by one; all numbers four or less have no effect on the sixth place number.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 294.187

History

Renumbered from 150-294.187(1)(c), REV 41-2016, f. 8-12-16, cert. ef. 9-1-16
REV 3-2001, f. 7-31-01, cert. ef. 8-1-01, Renumbered from 150-294.005(Note)-(E)
RD 3-1989, f. 12-18-89, cert. ef. 12-31-89