Oregon

For Oregon, does payment or acknowledgment revive the clock is A payment or a signed writing restarts the clock; how the statute states the rule is Whenever any payment of principal or interest is made after it has become due, upon an existing contract, whether it is a bill of exchange, promissory note, bond, or other evidence of indebtedness, the limitation shall commence from the time the last payment was made; section is 12.240, recorded from its source on 2026-09-01.

Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.

What the source says

No acknowledgment or promise shall be sufficient evidence of a new or continuing contract, whereby to take the case out of the operation of this chapter, unless the same is contained in some writing, signed by the party to be charged thereby; but this section shall not alter the effect of any payment of principal or interest. 12.240 Effect of payment after obligation becomes due. Whenever any payment of principal or interest is made after it has become due, upon an existing contract, whether it is a bill of exchange, promissory note, bond, or other evidence of indebtedness, the limitation shall commence from the time the last payment was made.

— oregonlegislature.gov, retrieved 2026-09-01

Where each value comes from

The value above is stated away from the sentence quoted with the answer, so the passage that states it is shown here too.

— all from oregonlegislature.gov, retrieved 2026-09-01

Source

• oregonlegislature.govhttps://www.oregonlegislature.gov/bills_laws/ors/ors012.html

Last verified against source: 2026-09-01. Due for re-check by 2027-09-01. This page as Markdown · OKF bundle · full dataset as JSON.