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Oregon Revised Statutes Financial Institutions § 708A.275

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

(1) An Oregon bank shall file a notice with the Director of the Department of Consumer and Business Services within 30 days after establishing a loan production office in this state or in another state. The notice must include:

(a) The name of the Oregon bank and the address of the main office;

(b) The name and address of the loan production office; and

(c) The name and address of the officer of the Oregon bank who is responsible for loan production office activities.

(2) An Oregon bank shall file a notice under subsection (1) of this section for each loan production office.

(3) Each notice that an Oregon bank files under subsection (1) of this section must be:

(a) Accompanied by a nonrefundable fee of $100.

(b) Amended if a material change occurs in the information the Oregon bank provided under subsection (1) of this section. A fee is not required for amendments.

(4) An Oregon bank shall notify the director of the closure of a loan production office, the date of closure and the disposition of any records previously maintained at the loan production office. A fee is not required for a notice of closure.

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Cite this article: FindLaw.com - Oregon Revised Statutes Financial Institutions § 708A.275 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-53-financial-institutions/or-rev-st-sect-708a-275/

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