ORS 706.655
Records of extensions of credit by banking institutions

  • rules

(1)

Each banking institution shall submit to the Director of the Department of Consumer and Business Services each calendar quarter a copy of such records concerning extensions of credit by the banking institution to its executive officers, directors and principal shareholders, and the related interests of those persons, as are required by rule of the director.

(2)

The director may require a banking institution to file records under subsection (1) of this section more often than quarterly, as the director determines is necessary.

(3)

The director shall adopt rules governing the submission of records concerning extensions of credit, as required under subsections (1) and (2) of this section, and the identification of the persons to whom the extensions are made. The rules shall be consistent with provisions of the Financial Institutions Regulatory and Interest Rate Control Act of 1978 and regulations adopted by the Federal Reserve Board and the Federal Deposit Insurance Corporation thereunder:

(a)

In order that banking institutions may satisfy the requirements of subsections (1) and (2) of this section by submitting copies of records required to be maintained under such federal laws and regulations; and

(b)

In order to otherwise minimize the inconvenience to banking institutions of having to maintain separate records for the federal regulators and the director. [1985 c.786 §2]

Source: Section 706.655 — Records of extensions of credit by banking institutions; rules, https://www.­oregonlegislature.­gov/bills_laws/ors/ors706.­html.

706.005
Definitions for Bank Act 706.008
Additional definitions for Bank Act 706.015
Bank Act references to federal statutes and regulations 706.500
Examination of banking institutions and non-Oregon institutions 706.515
Agreements with other bank supervisory agencies and Financial Crimes Enforcement Network 706.520
Request by directors or stockholders for examination 706.530
Annual fees paid by banking institutions and non-Oregon institutions 706.544
Costs for special examination or other actions taken 706.560
Appraisal of securities and audit 706.570
Requirement that banking institution keep books and accounts 706.575
Certificate as evidence that document is filed with director 706.578
Establishment of loan production office 706.580
Illegal, unauthorized or unsafe practices 706.600
Authority to protect creditors and depositors of banking institution or non-Oregon institution 706.610
Examiners required to report insolvency of Oregon operating institution 706.620
Records 706.630
Regular reports of condition 706.650
Delay or failure to furnish reports of condition 706.655
Records of extensions of credit by banking institutions 706.690
Transfer of stock or controlling interest 706.700
Resignation or retirement of director, president or chief executive officer 706.710
Waiver of retirement or resignation notices 706.720
Reports filed with director 706.723
Confidential documents 706.725
False statements, reports and book entries 706.730
Depositor and debtor information confidential 706.775
Enforcement of Bank Act 706.780
Notice to law enforcement officers of Bank Act violations 706.785
Attorney General to conduct actions 706.790
Rules 706.795
Rules authorizing banking institutions to exercise powers of certain financial institutions 706.815
Single account for moneys relating to supervision of Oregon operating institutions 706.980
Civil penalties 706.990
Criminal penalties
Green check means up to date. Up to date

Current through early 2024

§ 706.655’s source at oregon​.gov