Oregon Statutes - Chapter 706 - Administration and Enforcement of Banking Laws Generally

• 706.005   Definitions for Bank Act.
  As used in the Bank Act, unless the context requires otherwise: (1) “Access area” means any paved walkway or sidewalk within 50 feet of an...
• 706.008   Additional definitions for Bank Act.
  As used in the Bank Act, unless the context requires otherwise: (1) “Bank” means a company, other than an extranational institution, that accepts deposits insured...
• 706.010   [Amended by 1971 c.743 §413; repealed by 1973 c.797 §428]
• 706.015   Bank Act references to federal statutes and regulations; rules.
  References in the Bank Act to federal statutes and regulations shall, except as otherwise provided in the Bank Act, be construed to refer to the...
• 706.020   [Repealed by 1973 c.797 §428]
• 706.025   [1963 c.580 §68; repealed by 1973 c.797 §428]
• 706.030   [Repealed by 1973 c.797 §428]
• 706.040   [Repealed by 1973 c.797 §428]
• 706.050   [Repealed by 1973 c.797 §428]
• 706.060   [Repealed by 1973 c.797 §428]
• 706.070   [Repealed by 1973 c.797 §428]
• 706.080   [Repealed by 1973 c.797 §428]
• 706.090   [Repealed by 1973 c.797 §428]
• 706.100   [Amended by 1973 c.797 §3; 1975 c.544 §1; 1979 c.88 §1; 1981 c.192 §2; 1983 c.296 §1; 1983 c.367 §1; 1985 c.762 §17; 1985 c.796 §1; 1987 c.197 §1; 1987 c.414 §166a; repealed by 1989 c.324 §75]
• 706.205   [1963 c.580 §69; 1973 c.797 §4; repealed by 1985 c.762 §196]
• 706.210   [Repealed by 1963 c.580 §103]
• 706.215   [1963 c.580 §70; 1973 c.797 §5; repealed by 1985 c.762 §196]
• 706.218   [1973 c.797 §6; repealed by 1985 c.762 §196]
• 706.220   [Repealed by 1963 c.580 §103]
• 706.225   [1963 c.580 §71; 1973 c.797 §7; 1974 c.27 §1; repealed by 1985 c.762 §196]
• 706.226   [1977 c.135 §7; repealed by 1985 c.762 §196]
• 706.228   [1973 c.797 §8; repealed by 1985 c.762 §196]
• 706.230   [Repealed by 1963 c.580 §103]
• 706.235   [1963 c.580 §72; 1973 c.797 §9; repealed by 1985 c.762 §196]
• 706.240   [Repealed by 1963 c.580 §103]
• 706.245   [1963 c.580 §73; 1969 c.314 §101; 1973 c.797 §10; 1985 c.786 §5; renumbered 706.900]
• 706.250   [Repealed by 1963 c.580 §103]
• 706.255   [1963 c.580 §75; 1973 c.797 §11; renumbered 706.905]
• 706.260   [Renumbered 706.285]
• 706.265   [1963 c.580 §76; 1973 c.797 §12; 1974 c.27 §2; 1985 c.762 §21a; 1985 c.786 §6; renumbered 706.910]
• 706.270   [Repealed by 1963 c.580 §103]
• 706.280   [Amended by 1959 c.210 §1; repealed by 1963 c.580 §103]
• 706.285   [Formerly 706.260; 1973 c.797 §13; 1981 c.192 §3; repealed by 1985 c.762 §196]
• 706.290   [Amended by 1973 c.797 §14; repealed by 1985 c.762 §196]
• 706.410   [Amended by 1973 c.797 §15; 1985 c.762 §23; renumbered 706.775]
• 706.420   [Repealed by 1973 c.797 §428]
• 706.430   [Amended by 1973 c.797 §16; 1975 c.544 §2; 1979 c.88 §2; renumbered 706.780]
• 706.440   [Amended by 1973 c.797 §17; renumbered 706.785]
• 706.450   [Amended by 1963 c.580 §77; 1969 c.43 §1; 1973 c.797 §18; repealed by 1985 c.762 §196]
• 706.455   [1973 c.797 §19; repealed by 1985 c.762 §196]
• 706.460   [Amended by 1963 c.580 §78; 1971 c.734 §169; 1973 c.797 §20; 1985 c.762 §25; renumbered 706.790]
• 706.470   [Repealed by 1971 c.734 §21]
• 706.475   [1971 c.734 §171; 1973 c.797 §21; repealed by 1985 c.762 §196]
• 706.480   [Amended by 1963 c.580 §79; repealed by 1971 c.743 §21]
• 706.490   [Repealed by 1973 c.797 §428]
• 706.500   Examination of banking institutions and non-Oregon institutions; examination program with federal regulators.
  (1) Each banking institution is subject to the inspection of the Director of the Department of Consumer and Business Services. The director shall conduct an...
• 706.510   [Repealed by 1973 c.797 §428]
• 706.515   Agreements with other bank supervisory agencies; contracts for use of bank examiners; joint examination or enforcement; fees.
  (1) The Director of the Department of Consumer and Business Services may enter into cooperative, coordinating and information sharing agreements with any other bank supervisory...
• 706.520   Request by directors or stockholders for examination; costs.
  When requested in writing by the board of directors of a banking institution or stockholders owning a majority of the capital stock of an institution...
• 706.530   Annual fees paid by banking institutions and non-Oregon institutions; rules.
  Each banking institution and each non-Oregon institution shall pay each year to the Director of the Department of Consumer and Business Services the fee determined...
• 706.540   [Amended by 1969 c.94 §2; 1971 c.68 §2; 1973 c.797 §25; 1977 c.135 §9; 1983 c.296 §1a; 1985 c.762 §28a; 1985 c.786 §10; 1987 c.171 §4; 1987 c.373 §49; repealed by 1993 c.264 §5]
• 706.544   Costs for special examination or other actions taken.
  A banking institution or a non-Oregon institution shall pay to the Director of the Department of Consumer and Business Services the actual costs of the...
• 706.548   [1973 c.797 §26; repealed by 1985 c.762 §196 and 1985 c.786 §69]
• 706.550   [Amended by 1963 c.580 §80; 1973 c.797 §27; repealed by 1985 c.762 §196 and 1985 c.786 §69]
• 706.555   [1973 c.797 §28; 1985 c.796 §2; renumbered 706.795]
• 706.560   Appraisal of securities and audit.
  (1) When a banking institution or a non-Oregon institution has been examined by an examiner and the examiner finds securities that are of doubtful value,...
• 706.570   Requiring banking institution and non-Oregon institution to keep proper records and accounts; civil penalty.
  (1) If upon examination of a banking institution or non-Oregon institution it appears that the banking institution or non-Oregon institution does not keep books and...
• 706.575   Certificate as evidence that document is filed with director.
  (1) A certificate attached to a copy of a document filed by the Director of the Department of Consumer and Business Services, bearing the director’s...
• 706.580   Illegal, unauthorized or unsafe practices; authority of director.
  When it appears to the Director of the Department of Consumer and Business Services that a banking institution or non-Oregon institution is violating any law...
• 706.590   [Repealed by 1973 c.797 §428]
• 706.600   Authority to protect creditors and depositors of banking institution or non-Oregon institution.
  (1) The Director of the Department of Consumer and Business Services may take one or more of the actions described in this section to protect...
• 706.610   Examiners required to report insolvency of Oregon operating institution.
  An examiner of the Department of Consumer and Business Services, having knowledge of the insolvency or unsafe condition of an Oregon operating institution shall report...
• 706.620   Records.
  The Director of the Department of Consumer and Business Services shall keep proper books showing the acts, matters and things by the director done under...
• 706.630   Regular reports of condition; additional reports as required by director.
  (1) The Director of the Department of Consumer and Business Services shall call for the report of condition of Oregon operating institutions at the close...
• 706.640   [Repealed by 1973 c.797 §428]
• 706.650   Delay or failure to furnish reports of condition; penalty.
  If an Oregon operating institution delays or fails to furnish reports in the manner required under ORS 706.630, the Oregon operating institution is subject to...
• 706.655   Records of extensions of credit by banking institutions; rules.
  (1) Each banking institution shall submit to the Director of the Department of Consumer and Business Services each calendar quarter a copy of such records...
• 706.660   Report of earnings and dividends.
  (1) Each banking institution, non-Oregon institution and each branch in this state of every extranational institution shall submit to the Director of the Department of...
• 706.670   [Amended by 1973 c.797 §38; repealed by 1997 c.631 §567]
• 706.680   Failure to make reports of earnings and dividends; penalty.
  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...
• 706.690   Transfer of stock or controlling interest; notice to and approval by director; applicability to financial holding companies and bank holding companies.
  (1) If the Director of the Department of Consumer and Business Services determines that the condition of an institution or Oregon stock savings bank is...
• 706.700   Resignation or retirement of director, president or chief executive officer; notice to director.
  A director, president or chief executive officer of a banking institution who retires or resigns from the position of director, president or chief executive officer...
• 706.710   Waiver of retirement or resignation notices; modifying effective date.
  The Director of the Department of Consumer and Business Services may, by writing, waive the notices provided for in ORS 706.690 and 706.700, or shorten...
• 706.720   Reports filed with director; public inspection of records; exemptions; confidentiality; forms.
  (1) The Director of the Department of Consumer and Business Services shall receive and file in the Department of Consumer and Business Services all reports...
• 706.723   Compliance review documents confidential; review by court.
  (1) Notwithstanding any other provision of law: (a) Compliance review documents shall be confidential as provided in ORS 705.137 and shall not be discoverable or...
• 706.725   False statements, reports and book entries.
  An officer, director, stockholder or employee of any Oregon operating institution shall not: (1) Knowingly subscribe to or make or cause to be made any...
• 706.730   Depositor and debtor information confidential; disclosure prohibited; exceptions.
  (1) The name of a person who is a depositor or debtor of a bank and the amount of the person’s deposit or debt are...
• 706.740   [Amended by 1963 c.195 §2; 1963 c.580 §81; 1973 c.797 §46; repealed by 1985 c.762 §196]
• 706.775   Enforcement of Bank Act; production of witnesses and evidence; fees and mileage of witnesses.
  (1) For the purpose of an investigation or proceeding under the Bank Act, the Director of the Department of Consumer and Business Services may administer...
• 706.780   Notice to law enforcement officers of Bank Act violations; exception.
  If the Director of the Department of Consumer and Business Services has reason to believe that a person has violated any provision of the Bank...
• 706.785   Attorney General to conduct actions; assistance of district attorneys.
  The Attorney General shall conduct all actions begun by the Director of the Department of Consumer and Business Services under authority of the Bank Act,...
• 706.790   Rules.
  (1) In accordance with ORS chapter 183, the Director of the Department of Consumer and Business Services may adopt rules for the purpose of carrying...
• 706.795   Rules authorizing banking institutions to exercise powers of certain financial institutions.
  Notwithstanding any other provision of law, the Director of the Department of Consumer and Business Services may, in accordance with ORS 183.310, 183.315, 183.330, 183.335...
• 706.800   [1993 c.229 §21; repealed by 1997 c.631 §567]
• 706.805   [1993 c.229 §5; repealed by 1997 c.631 §567]
• 706.815   Single account for moneys relating to supervision of Oregon operating institutions.
  Notwithstanding ORS 705.145 (2), moneys received or expended by the Director of the Department of Consumer and Business Services under this chapter relating to the...
• 706.900   [Formerly 706.245; 1987 c.373 §51; repealed by 1993 c.318 §2]
• 706.905   [Formerly 706.255; repealed by 1993 c.318 §2]
• 706.910   [Formerly 706.265; repealed by 1993 c.318 §2]
• 706.915   [1985 c.786 §16; repealed by 1993 c.318 §2]
• 706.920   [1985 c.786 §17; repealed by 1993 c.318 §2]
• 706.980   Civil penalties.
  (1) Any person who violates any provision of the Bank Act, or any lawful rule or final order of the Director of the Department of...
• 706.990   Criminal penalties.
  Violation of ORS 706.725 is a Class C felony. [Amended by 1973 c.797 §48; 1975 c.544 §6] _______________

Last modified: August 7, 2008