Oregon Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Oregon. With a population of 4,028,977, Oregon is the 27th largest state in the United States, and ranks 6th for per capita fatal injuries (D.C. included).
Because funding regulation is complex, Uplift developed a funding-ease scale. This scale helps plaintiffs understand what part their state plays in lawsuit loan decisions. On a scale of 0 to 10, Oregon scores a 10.0. This means that we consider it very easy for plaintiffs to get lawsuit loans in Oregon. Read more information below about the legal funding environment in Oregon.
Oregon Personal Injury Statistics
Oregon has a yearly injury death rate of 66.4 per 100,000. This places Oregon much higher than the national average of 60.1, by about 10.6%.
Oregon residents drive an estimated total of 36 billion miles yearly, which means that the average resident drives about of 8,935 miles per year. To compare, that’s 7.2% lower than the national average of 9,630 miles per year.Aside from miles driven, local seatbelt use and drunk driving habits play a large part in the car accident death rate. In Oregon, residents are pretty good when it comes to buckling up, reporting a usage rate of 97.0%.The drinking rate in Oregon, measured as the percent of people who reported drinking too much before driving in the prior month, is 24.3% lower than the national average of 1.8% at 1.4%.
Partly because of these factors, Oregon’s car accident fatality rate is 11.1. This compares unfavorably to the US national average of 10.9, and costs the state $426 million yearly.
Oregon Legal Funding Cheat Sheet
According to Ch. 12, Sec. 12.110; the civil statute of limitations in Oregon is 10 years. This means that you may lose the right to sue for negligence if you do not file your lawsuit within the limit. The degree to which plaintiff negligence impacts the liability claim varies from state-to-state. Oregon’s guideline is modified comparative fault with a 51% threshold. This means that if plaintiff primarily at fault, there is no recovery, otherwise percentage of plaintiff fault may reduce damages – Rev. Stat. Ann. § 31.600. Its important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume Oregon state minimum policy limits of:
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $5,000 property damage liability per accident
- $5,000 medical benefits
Regulation of Lawsuit Loans in Oregon
Lawsuit loans in Oregon remain largely unregulated and most legal funding companies provide funding in the state.
Despite lack of regulation, reputable companies follow basic best-practice disclosure guidelines for legal funding contracts. Lawsuit lenders nationwide should display rates, fees and repayment terms prominently.