ORS 25.640 Definitions for ORS 25.643 and 25.646

For purposes of ORS 25.643 and 25.646:

“Account” means a demand deposit account, checking or negotiable withdrawal order account, savings account, share draft account, time deposit account, money-market mutual fund account or a claim for insurance benefits or payments of at least $500, not including a claim for property damage, under a liability insurance policy or uninsured motorist insurance policy issued by an insurance company authorized to do business in this state.

“Claimant” means an obligor who is asserting a claim of at least $500, not including a claim for property damage, under a liability insurance policy or uninsured motorist policy issued by an insurer that is authorized to do business in this state.

“Customer” has the meaning given that term in ORS 192.583.

“Financial institution” means:

A depository institution, as defined in section 3(c) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c));

Any federal credit union or state credit union, as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752), including an institution-affiliated party of such a credit union, as defined in section 206(r) of the Federal Credit Union Act (12 U.S.C. 1786(r));

Any person licensed under ORS 717.200 to 717.320, 717.900 and 717.905; and

Any benefit association, insurance company, safe deposit company, money-market mutual fund or similar entity authorized to do business in this state.

“Financial records” means any original written or electronic document or copy of the document, or any information contained in the document, held by or in the custody of a financial institution, when the document, copy or information is identifiable as pertaining to one or more customers or claimants of the financial institution.