Oregon Law
Law as of Jan 1, 2026
Chapter contents
706.005Definitions for Bank Act 706.008Additional definitions for Bank Act 706.010[Amended by 1971 c.743 §413; repealed by 1973 c.797 §428] 706.015Bank Act references to federal statutes and regulations; rules 706.020[Repealed by 1973 c.797 §428] 706.025[1963 c.580 §68; repealed by 1973 c.797 §428] 706.030[Repealed by 1973 c.797 §428] 706.040[Repealed by 1973 c.797 §428] 706.050[Repealed by 1973 c.797 §428] 706.060[Repealed by 1973 c.797 §428] 706.070[Repealed by 1973 c.797 §428] 706.080[Repealed by 1973 c.797 §428] 706.090[Repealed by 1973 c.797 §428] 706.100[Amended by 1973 c.797 §3; 1975 c.544 §1; 1979 c.88 §1; 1981 c.192 §2; 1983 c.296 §1; 1983 c.367 §1; 1985 c.762 §17; 1985 c.796 §1; 1987 c.197 §1; 1987 c.414 §166a; repealed by 1989 c.324 §75] 706.205[1963 c.580 §69; 1973 c.797 §4; repealed by 1985 c.762 §196] 706.210[Repealed by 1963 c.580 §103] 706.215[1963 c.580 §70; 1973 c.797 §5; repealed by 1985 c.762 §196] 706.218[1973 c.797 §6; repealed by 1985 c.762 §196] 706.220[Repealed by 1963 c.580 §103] 706.225[1963 c.580 §71; 1973 c.797 §7; 1974 c.27 §1; repealed by 1985 c.762 §196] 706.226[1977 c.135 §7; repealed by 1985 c.762 §196] 706.228[1973 c.797 §8; repealed by 1985 c.762 §196] 706.230[Repealed by 1963 c.580 §103] 706.235[1963 c.580 §72; 1973 c.797 §9; repealed by 1985 c.762 §196] 706.240[Repealed by 1963 c.580 §103] 706.245[1963 c.580 §73; 1969 c.314 §101; 1973 c.797 §10; 1985 c.786 §5; renumbered 706.900] 706.250[Repealed by 1963 c.580 §103] 706.255[1963 c.580 §75; 1973 c.797 §11; renumbered 706.905] 706.260[Renumbered 706.285] 706.265[1963 c.580 §76; 1973 c.797 §12; 1974 c.27 §2; 1985 c.762 §21a; 1985 c.786 §6; renumbered 706.910] 706.270[Repealed by 1963 c.580 §103] 706.280[Amended by 1959 c.210 §1; repealed by 1963 c.580 §103] 706.285[Formerly 706.260; 1973 c.797 §13; 1981 c.192 §3; repealed by 1985 c.762 §196] 706.290[Amended by 1973 c.797 §14; repealed by 1985 c.762 §196] 706.410[Amended by 1973 c.797 §15; 1985 c.762 §23; renumbered 706.775] 706.420[Repealed by 1973 c.797 §428] 706.430[Amended by 1973 c.797 §16; 1975 c.544 §2; 1979 c.88 §2; renumbered 706.780] 706.440[Amended by 1973 c.797 §17; renumbered 706.785] 706.450[Amended by 1963 c.580 §77; 1969 c.43 §1; 1973 c.797 §18; repealed by 1985 c.762 §196] 706.455[1973 c.797 §19; repealed by 1985 c.762 §196] 706.460[Amended by 1963 c.580 §78; 1971 c.734 §169; 1973 c.797 §20; 1985 c.762 §25; renumbered 706.790] 706.470[Repealed by 1971 c.734 §21] 706.475[1971 c.734 §171; 1973 c.797 §21; repealed by 1985 c.762 §196] 706.480[Amended by 1963 c.580 §79; repealed by 1971 c.743 §21] 706.490[Repealed by 1973 c.797 §428] 706.500Examination of banking institutions and non-Oregon institutions; examination program with federal regulators 706.510[Repealed by 1973 c.797 §428] 706.515Agreements with other bank supervisory agencies and Financial Crimes Enforcement Network; contracts for use of bank examiners; joint examination or enforcement; fees 706.520Request by directors or stockholders for examination; costs 706.530Annual fees paid by banking institutions and non-Oregon institutions; rules 706.540[Amended by 1969 c.94 §2; 1971 c.68 §2; 1973 c.797 §25; 1977 c.135 §9; 1983 c.296 §1a; 1985 c.762 §28a; 1985 c.786 §10; 1987 c.171 §4; 1987 c.373 §49; repealed by 1993 c.264 §5] 706.544Costs for special examination or other actions taken 706.548[1973 c.797 §26; repealed by 1985 c.762 §196 and 1985 c.786 §69] 706.550[Amended by 1963 c.580 §80; 1973 c.797 §27; repealed by 1985 c.762 §196 and 1985 c.786 §69] 706.555[1973 c.797 §28; 1985 c.796 §2; renumbered 706.795] 706.560Appraisal of securities and audit 706.570Requirement that banking institution keep books and accounts; civil penalty 706.575Certificate as evidence that document is filed with director 706.578Establishment of loan production office; notice; fee 706.580Illegal, unauthorized or unsafe practices; authority of director 706.590[Repealed by 1973 c.797 §428] 706.600Authority to protect creditors and depositors of banking institution or non-Oregon institution 706.610Examiners required to report insolvency of Oregon operating institution 706.620Records 706.630Regular reports of condition; additional reports as required by director 706.640[Repealed by 1973 c.797 §428] 706.650Delay or failure to furnish reports of condition; penalty 706.655Records of extensions of credit by banking institutions; rules 706.660[Amended by 1973 c.797 §37; 1979 c.88 §3; 1997 c.631 §15; repealed by 2015 c.244 §90] 706.670[Amended by 1973 c.797 §38; repealed by 1997 c.631 §567] 706.680[Amended by 1973 c.797 §39; 1979 c.88 §4; 1997 c.631 §16; repealed by 2015 c.244 §90] 706.690Transfer of stock or controlling interest; notice to and approval by director; applicability to financial holding companies and bank holding companies 706.700Resignation or retirement of director, president or chief executive officer; notice to director 706.710Waiver of retirement or resignation notices; modifying effective date 706.720Reports filed with director; public inspection of records; exemptions; confidentiality; forms 706.723Confidential documents; review by court 706.725False statements, reports and book entries 706.730Depositor and debtor information confidential; disclosure prohibited; exceptions 706.740[Amended by 1963 c.195 §2; 1963 c.580 §81; 1973 c.797 §46; repealed by 1985 c.762 §196] 706.775Enforcement of Bank Act; production of witnesses and evidence; fees and mileage of witnesses 706.780Notice to law enforcement officers of Bank Act violations; exception 706.785Attorney General to conduct actions; assistance of district attorneys 706.790Rules 706.795Rules authorizing banking institutions to exercise powers of certain financial institutions 706.800[1993 c.229 §21; repealed by 1997 c.631 §567] 706.805[1993 c.229 §5; repealed by 1997 c.631 §567] 706.815Single account for moneys relating to supervision of Oregon operating institutions 706.900[Formerly 706.245; 1987 c.373 §51; repealed by 1993 c.318 §2] 706.905[Formerly 706.255; repealed by 1993 c.318 §2] 706.910[Formerly 706.265; repealed by 1993 c.318 §2] 706.915[1985 c.786 §16; repealed by 1993 c.318 §2] 706.920[1985 c.786 §17; repealed by 1993 c.318 §2] 706.980Civil penalties 706.990Criminal penalties

Chapter 706 — Administration and Enforcement of Banking Laws Generally

ORS 706.500 Examination of banking institutions and non-Oregon institutions; examination program with federal regulators

(1)

Each banking institution is subject to the inspection of the Director of the Department of Consumer and Business Services. The director shall conduct an examination of the condition and resources of each banking institution and determine whether the banking institution is complying with the laws of this state and such other matters as the director may prescribe. Except as provided in subsections (3) and (5) of this section, the director shall conduct examinations not more than 24 months apart.

(2)

Subject to ORS 706.515, the director may at any time examine any branch of a non-Oregon institution located in this state, for the same purposes and to the same extent as provided in the case of banking institutions.

(3)

The director may participate in any program that the Federal Deposit Insurance Corporation or the Federal Reserve Board provides for joint or alternate examinations of banking institutions and non-Oregon institutions.

(4)

In addition to an examination under subsection (1), (2) or (3) of this section, the director may conduct an examination of a banking institution at any other time.

(5)

Instead of conducting an examination of a banking institution or non-Oregon institution under subsection (1), (2) or (3) of this section, the director may accept an examination or report made under the Federal Reserve Act or under other statutes of the United States.

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Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.