§ 708A.600 — Charging off losses

Oregon § 708A.600

• Jurisdiction: Oregon
• Vol.: 18
• Title 53: Financial Institutions
• Ch. 708A: Regulation of Institutions Generally

Text

An institution shall charge off all debts:
(1) On which interest is past due and unpaid for 12 months, unless the debt is fully secured and in process of collection;
(2) That an examiner has classified as a loss; or
(3) Upon the instruction of the Director of the Department of Consumer and Business Services.

Legislative History

1997 c.631 §195; 2015 c.244 §72