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Business Affairs Office Revolving Charge Agreement Oregon Institute of Technology offers extended payment terms utilizing a revolving charge account program as authorized by the Oregon State Board

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What is revolving charge agreement?

A revolving charge agreement is a contractual agreement between a borrower and a lender where the borrower can repeatedly borrow up to a certain limit.

Who is required to file revolving charge agreement?

Lenders who offer revolving credit accounts are required to file revolving charge agreements.

How to fill out revolving charge agreement?

To fill out a revolving charge agreement, lenders must provide all required information about the terms of the credit account and the borrower.

What is the purpose of revolving charge agreement?

The purpose of a revolving charge agreement is to outline the terms and conditions of a revolving credit account, including the maximum credit limit and interest rate.

What information must be reported on revolving charge agreement?

Revolving charge agreements must include details about the credit account, such as the credit limit, interest rates, fees, and repayment terms.

What is the penalty for late filing of revolving charge agreement?

The penalty for late filing of revolving charge agreements may vary depending on the jurisdiction, but it could include fines or other consequences for the lender.

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