Oregon § 725.385 Duty to give notice of defalcation to law enforcement officer, director; audit

Oregon Statutes

§ 725.385 — Duty to give notice of defalcation to law enforcement officer, director; audit

Oregon § 725.385

Vol.18

Title 54Credit Unions, Lending Institutions and Pawnbrokers

Ch. 725Consumer Finance

This text of Oregon § 725.385 (Duty to give notice of defalcation to law enforcement officer, director; audit) 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. § 725.385 (2026).

Text

(1)A director or officer of a licensee who has reason to believe that a defalcation has occurred at any office of the licensee shall give the information to the appropriate local, state or federal law enforcement officer having jurisdiction of the violation.

(2)A licensee shall notify the Director of the Department of Consumer and Business Services of any defalcation that occurs at any office of the licensee within five days after the discovery of the defalcation. When directed by the director to do so, the licensee shall cause an audit to be made of the business of the licensed office where the defalcation occurred, in accordance with the director’s instructions.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A director or officer of a licensee who has reason to believe that a defalcation has occurred at any office of the licensee shall give the information to the appropriate local, state or federal law enforcement officer having jurisdiction of the violation.
(2) A licensee shall notify the Director of the Department of Consumer and Business Services of any defalcation that occurs at any office of the licensee within five days after the discovery of the defalcation. When directed by the director to do so, the licensee shall cause an audit to be made of the business of the licensed office where the defalcation occurred, in accordance with the director’s instructions.