ORS 706.795
Rules authorizing banking institutions to exercise powers of certain financial institutions

Notwithstanding any other provision of law, the Director of the Department of Consumer and Business Services may, in accordance with ORS 183.310 (Definitions for chapter), 183.315 (Application of provisions of chapter to certain agencies), 183.330 (Description of organization), 183.335 (Notice) and 183.341 (Model rules of procedure) to 183.410 (Agency determination of applicability of rule or statute to petitioner), make rules that authorize banking institutions to exercise any of the powers conferred upon any financial institution that is conducting banking business or trust business in this state, if the director finds that the exercise of the power:

(1)

Serves the public convenience and advantage; and

(2)

Promotes or maintains fair competition between banking institutions and other financial institutions. [Formerly 706.555; 1997 c.631 §23; 2015 c.244 §14]

Source: Section 706.795 — Rules authorizing banking institutions to exercise powers of certain financial institutions, https://www.­oregonlegislature.­gov/bills_laws/ors/ors706.­html.

Attorney General Opinions

Application to all state banks, (1976) Vol 38, p 58; adoption of regulations to permit banks to charge same interest rate on consumer finance loans as national banks, (1980) Vol 40, p 450; authority of Director of Department of Consumer and Business Services to allow Sunday operation of state banks, (1996) Vol 48, p 58

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

§ 706.795’s source at oregon​.gov