Oregon § 18.787 Liability of financial institution

Oregon Statutes

§ 18.787 — Liability of financial institution

Oregon § 18.787

Vol.1

Title 2Procedure in Civil Proceedings

Ch. 18Judgments

This text of Oregon § 18.787 (Liability of financial institution) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 18.787 (2026).

Text

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 18.785, including:

(1)Delivery or refusal to deliver any funds that are not subject to garnishment under ORS 18.785 to a garnishor;

(2)Providing the notice required under ORS 18.785 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 18.785 despite reasonable procedures implemented by the financial institution to prevent those errors.

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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 18.785, including:
(1) Delivery or refusal to deliver any funds that are not subject to garnishment under ORS 18.785 to a garnishor;
(2) Providing the notice required under ORS 18.785 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 18.785 despite reasonable procedures implemented by the financial institution to prevent those errors.