(1) An institution that violates:
(a) ORS 708A.560 shall forfeit a civil penalty in an amount determined by the Director of the Department of Consumer and Business Services of not more than $50,000.
(b) ORS 708A.420 shall forfeit a civil penalty in an amount determined by the director of not more than $10,000. In addition, the director may revoke the charter of the violating institution.
(2) All money forfeited under subsections (1) and (2) of this section shall be paid to the State Treasurer to be deposited in the Consumer and Business Services Fund.
(3) The civil penalty may be recovered as provided in ORS 706.980. [1997 c.631 §201]Section: Previous 708A.575 708A.580 708A.585 708A.590 708A.595 708A.600 708A.605 708A.630 708A.635 708A.640 708A.645 708A.650 708A.655 708A.990 708A.995 Next
Last modified: August 7, 2008