Oregon Statutes
§ 706.650 — Delay or failure to furnish reports of condition; penalty
Oregon § 706.650
JurisdictionOregon
Vol.18
Title 53Financial Institutions
Ch. 706Administration and Enforcement of Banking Laws Generally
This text of Oregon § 706.650 (Delay or failure to furnish reports of condition; penalty) 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. § 706.650 (2026).
Text
If an Oregon operating institution delays or fails to furnish reports in the manner required under ORS 706.630, the Oregon operating institution is subject to a penalty of $250 a day for each day while in default. The Oregon operating institution shall pay the penalty after receiving notice or demand for the amount of the penalty from the Director of the Department of Consumer and Business Services. If the Oregon operating institution does not pay the penalty upon demand by the director, the director shall proceed to collect the penalty in the manner prescribed by ORS 706.570 (3). If the director determines that the default was unavoidable, the director may waive the penalty.
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Related
Legislative History
Amended by 1973 c.797 §36; 1997 c.631 §14; 2015 c.244 §11
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 706.650, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/706.650.