Oregon Fixed Legal Rate of Interest, Measure 8 (1920)
The Oregon Fixed Legal Rate of Interest Amendment, also known as Measure 8, was on the November 2, 1920 ballot in Oregon as an initiated constitutional amendment, where it was defeated. The measure would have provided for a fixed legal rate of interest at four percent on all moneys and, on contract, agreeing parties may have a five percent rate of interest.
|Oregon Measure 8 (1920)|
Election results via: Oregon Blue Book
Text of measure
The language appeared on the ballot as:
Constitutional Amendment - Proposed by Initiative Petition
Initiated by J. F. Albright, Oregon City, Oregon. - CONSTITUTIONAL AMENDMENT FIXING LEGAL RATE OF INTEREST IN OREGON - Purpose: Amending article IX of the constitution of Oregon by adding thereto section 9, which provides that: The legal rate of interest in Oregon shall be four per cent per annum, on all moneys after the same shall become due, but on contract the rate of five per cent per annum and no more, may he charged by express agreement of the parties, which rate shall be inclusive of all brokerage and commissions. No laws of this state relating to interest or usury are repealed or abrogated by this section except insofar as the legal rate of interest is modified hereby. --- Vote YES or NO.
Path to the ballot
- Oregon 1920 ballot measures
- 1920 ballot measures
- List of Oregon ballot measures
- History of Initiative & Referendum in Oregon
- Oregon Blue Book Initiative, Referendum and Recall: 1916-1921
- State of Oregon Official Voters' Pamphlet 1920