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Oregon Revised Statutes

Or. Rev. Stat. § 726.010 (2026)

Definitions

✓ current as of May 2026
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      726.010 Definitions. As used in this chapter:

      (1) “Pawnbroker” means a person, copartnership, association or corporation that:

      (a) Lends money at a rate of interest greater than 10 percent per annum on the deposit or pledge of personal property;

      (b) Purchases personal property on the direct or implied condition of selling the personal property back at a stipulated price that would amount to paying interest or consideration in excess of 10 percent per annum; or

      (c) Does business as a storage warehouse operator and lends money at a rate of interest greater than 10 percent per annum upon goods, wares, merchandise or personal property pledged or deposited as collateral security.

      (2)(a) “Personal property” means tangible property a person owns, including:

      (A) Chattels and movables, such as merchandise, furniture, goods, machinery, tools and equipment, supplies and media;

      (B) Pledges that are not required to be registered with the Department of Transportation;

      (C) Snowmobiles, as defined in ORS 801.490;

      (D) Trailers that have a loaded weight of not more than 8,000 pounds and that are designed or manufactured, or are otherwise suitable, for carrying a boat, snowmobile or all-terrain vehicle; and

      (E) Equipment used for farming.

      (b) “Personal property” does not include:

      (A) Pledges that are required to be registered with the Department of Transportation, unless the pledge is a snowmobile or a trailer described in paragraph (a) of this subsection;

      (B) Choses in action;

      (C) Securities or printed evidence of indebtedness; or

      (D) Intangible property.

      (3) “Pledge” means personal property deposited with a pawnbroker in the course of the business of the pawnbroker.

      (4) “Pledgor” means a person who delivers a pledge into the possession of a pawnbroker, unless the person discloses that the person is or was acting for another, in which event “pledgor” means the disclosed principal.

      (5) “Pledge loan” means a loan that a pawnbroker makes to a pledgor and that is secured by a pledge. [Amended by 1971 c.168 §1; 1985 c.762 §135; 1987 c.373 §71; 1993 c.744 §27; 2013 c.261 §1]

Notes of Decisions
Cited in 2 cases, 2016–2019 · leading case: Hughes v. Ephrem, 371 P.3d 501 (Or. Ct. App. 2016).
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Hughes v. Ephrem, 371 P.3d 501 (Or. Ct. App. 2016). “ORS 726.010(3) defines a “pledge” as “personal property deposited with a pawnbroker in the course of the business of the pawnbroker.”
Smith v. Cent. Point Pawn, LLC, 438 P.3d 436 (Or. Ct. App. 2019). “Under ORS 726.010(1), a pawnbroker is defined as "a person, copartnership, association or corporation that: "(a) Lends money at a rate of interest greater than 10 percent per annum on the deposit or pledge of personal property; "(b) Purchases personal property on the direct or…”
— Or. Rev. Stat. § 726.010(1) — 1 case
Smith v. Cent. Point Pawn, LLC, 438 P.3d 436 (Or. Ct. App. 2019). “Under ORS 726.010(1), a pawnbroker is defined as "a person, copartnership, association or corporation that: "(a) Lends money at a rate of interest greater than 10 percent per annum on the deposit or pledge of personal property; "(b) Purchases personal property on the direct or…”
— Or. Rev. Stat. § 726.010(3) — 1 case
Hughes v. Ephrem, 371 P.3d 501 (Or. Ct. App. 2016). “ORS 726.010(3) defines a “pledge” as “personal property deposited with a pawnbroker in the course of the business of the pawnbroker.”
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