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Oregon Revised Statutes Procedure in Civil Proceedings § 18.787

Current as of January 01, 2023 | Updated by FindLaw Staff

A financial institution is not liable to any account holder, garnishor or other financial institution, and may not be assessed any penalty, by reason of any action taken by the financial institution in good faith under ORS 18.784 or 18.785, including:

(1) Delivery or refusal to deliver any funds that are not subject to garnishment under ORS 18.784 to a garnishor;

(2) Providing the notice required by this section to an account holder;

(3) Customary clearing and settlement adjustments made to a debtor's account that affect the balance in the debtor's account; and

(4) Any bona fide errors that occur under ORS 18.784 or 18.785 despite reasonable procedures implemented by the financial institution to prevent those errors.

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Cite this article: FindLaw.com - Oregon Revised Statutes Procedure in Civil Proceedings § 18.787 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-2-procedure-in-civil-proceedings/or-rev-st-sect-18-787/

Read this complete Oregon Revised Statutes Procedure in Civil Proceedings § 18.787 on Westlaw. Westlaw subscription required.

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