Oregon Governor Tina Kotek Signs HB 4116, Eliminating Interest-Rate Exportation
Summary
Oregon Governor Tina Kotek signed House Bill 4116 on April 7, 2026, completing Oregon's opt-out of Section 521 of the Depository Institutions Deregulation and Monetary Control Act (DIDMCA) for certain consumer finance loans. The bill amends the Oregon Consumer Finance Act, providing that DIDMCA's interest-rate exportation framework does not apply to covered consumer finance loans made in Oregon.
What changed
Oregon's HB 4116 removes the ability for lenders to export interest rates permitted by their home state to consumer loans originated in Oregon, effectively subjecting covered consumer finance loans to Oregon's rate limits rather than the lender's home-state rates. The law's practical significance is linked to unresolved litigation, as the Tenth Circuit has granted en banc rehearing in a case challenging Colorado's comparable DIDMCA opt-out statute. State-chartered banks, fintech partners, and consumer lenders operating multistate programs should continue monitoring the Colorado case and related state activity.
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Apr 17, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
April 17, 2026
Oregon Governor Signs DIDMCA Opt-Out Bill
A.J.S. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas Sheppard, Mullin, Richter & Hampton LLP + Follow Contact LinkedIn Facebook X ;) Embed
On April 7, Oregon Governor Tina Kotek signed House Bill 4116 into law, completing Oregon’s opt-out of Section 521 of DIDMCA for certain consumer finance loans in the state. The bill (previously discussed here) amends the Oregon Consumer Finance Act and provides that DIDMCA’s interest-rate exportation framework does not apply to covered consumer finance loans made in Oregon.
Putting It Into Practice: Oregon’s enactment continues the recent trend of states testing the scope of DIDMCA opt-out authority. The practical significance of Oregon’s new law remains tied to the unresolved litigation over Colorado’s opt-out statute (previously discussed here). The Tenth Circuit has granted en banc rehearing and vacated the panel decision, removing its precedential force while the full court reconsiders the issue. State-chartered banks, fintech partners, and other consumer lenders should continue monitoring the Colorado case and related state activity as they assess multistate lending programs.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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