A banking institution, non-Oregon institution and any branch in this state of an extranational institution that fails to make and submit any report required by ORS 706.660 is subject to a penalty of $250 for each day the reports are delayed beyond the time allowed by ORS 706.660. The penalty shall be collected in the manner provided in ORS 706.570. If the Director of the Department of Consumer and Business Services determines that the default was unavoidable, the director may waive the penalty. [Amended by 1973 c.797 §39; 1979 c.88 §4; 1997 c.631 §16]
Section: Previous 706.620 706.630 706.640 706.650 706.655 706.660 706.670 706.680 706.690 706.700 706.710 706.720 706.723 706.725 706.730 NextLast modified: August 7, 2008