Oregon Statutes - Chapter 98 - Lost, Unordered and Unclaimed Property; Unlawfully Parked Vehicles - Section 98.311 - Service charge on unclaimed property.

Notwithstanding the provisions in ORS 98.308, a holder may not deduct a service charge or fee or otherwise reduce an ownerís unclaimed account unless:

(1) There is a valid written contract between the holder and the owner that allows the holder to impose a charge;

(2) The service charge or fee is imposed uniformly on all accounts; and

(3) Three monthsí written notice is given by first class mail to the last-known address of all owners before the charge or fee is levied. [1993 c.694 §45; 2007 c.539 §2]

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Last modified: August 7, 2008