Another concept should be to ask urban centers to impose restrictions, to be a city commissioner in Portland presently has proposed.
But, numerous advocates are putting their energy behind a proposed ballot measure, Initiative No. 135, that may cap rates of interest and origination fees at 36 percent yearly interest, and expand the home loan payback time to 31 times from 15.
Backers are looking forward to approval of ballot language through the state lawyer generalвЂ™s workplace before shopping for voter signatures. The large choice of measureвЂ™s chief petitioners may be the Rev. Dan Bryant, pastor of First Christian Church in Eugene and president of Ecumenical Ministries of Oregon. Continue reading