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706.005Definitions for Bank Act 706.008Additional definitions for Bank Act 706.010[Amended by 1971 c.743 §413; repealed by 1973 c.797 §428] 706.015Bank Act references to federal statutes and regulations; rules 706.020[Repealed by 1973 c.797 §428] 706.025[1963 c.580 §68; repealed by 1973 c.797 §428] 706.030[Repealed by 1973 c.797 §428] 706.040[Repealed by 1973 c.797 §428] 706.050[Repealed by 1973 c.797 §428] 706.060[Repealed by 1973 c.797 §428] 706.070[Repealed by 1973 c.797 §428] 706.080[Repealed by 1973 c.797 §428] 706.090[Repealed by 1973 c.797 §428] 706.100[Amended by 1973 c.797 §3; 1975 c.544 §1; 1979 c.88 §1; 1981 c.192 §2; 1983 c.296 §1; 1983 c.367 §1; 1985 c.762 §17; 1985 c.796 §1; 1987 c.197 §1; 1987 c.414 §166a; repealed by 1989 c.324 §75] 706.205[1963 c.580 §69; 1973 c.797 §4; repealed by 1985 c.762 §196] 706.210[Repealed by 1963 c.580 §103] 706.215[1963 c.580 §70; 1973 c.797 §5; repealed by 1985 c.762 §196] 706.218[1973 c.797 §6; repealed by 1985 c.762 §196] 706.220[Repealed by 1963 c.580 §103] 706.225[1963 c.580 §71; 1973 c.797 §7; 1974 c.27 §1; repealed by 1985 c.762 §196] 706.226[1977 c.135 §7; repealed by 1985 c.762 §196] 706.228[1973 c.797 §8; repealed by 1985 c.762 §196] 706.230[Repealed by 1963 c.580 §103] 706.235[1963 c.580 §72; 1973 c.797 §9; repealed by 1985 c.762 §196] 706.240[Repealed by 1963 c.580 §103] 706.245[1963 c.580 §73; 1969 c.314 §101; 1973 c.797 §10; 1985 c.786 §5; renumbered 706.900] 706.250[Repealed by 1963 c.580 §103] 706.255[1963 c.580 §75; 1973 c.797 §11; renumbered 706.905] 706.260[Renumbered 706.285] 706.265[1963 c.580 §76; 1973 c.797 §12; 1974 c.27 §2; 1985 c.762 §21a; 1985 c.786 §6; renumbered 706.910] 706.270[Repealed by 1963 c.580 §103] 706.280[Amended by 1959 c.210 §1; repealed by 1963 c.580 §103] 706.285[Formerly 706.260; 1973 c.797 §13; 1981 c.192 §3; repealed by 1985 c.762 §196] 706.290[Amended by 1973 c.797 §14; repealed by 1985 c.762 §196] 706.410[Amended by 1973 c.797 §15; 1985 c.762 §23; renumbered 706.775] 706.420[Repealed by 1973 c.797 §428] 706.430[Amended by 1973 c.797 §16; 1975 c.544 §2; 1979 c.88 §2; renumbered 706.780] 706.440[Amended by 1973 c.797 §17; renumbered 706.785] 706.450[Amended by 1963 c.580 §77; 1969 c.43 §1; 1973 c.797 §18; repealed by 1985 c.762 §196] 706.455[1973 c.797 §19; repealed by 1985 c.762 §196] 706.460[Amended by 1963 c.580 §78; 1971 c.734 §169; 1973 c.797 §20; 1985 c.762 §25; renumbered 706.790] 706.470[Repealed by 1971 c.734 §21] 706.475[1971 c.734 §171; 1973 c.797 §21; repealed by 1985 c.762 §196] 706.480[Amended by 1963 c.580 §79; repealed by 1971 c.743 §21]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 706.630 Regular reports of condition; additional reports as required by director

(1)

The Director of the Department of Consumer and Business Services shall require each Oregon operating institution to submit a report of condition at the close of business on the same day on which the federal regulatory agencies require a report from national banks.

(2)(a)

In the report of condition required under subsection (1) of this section, an Oregon operating institution shall:

(A)

Show the Oregon operating institution’s assets and liabilities combined for all departments at the close of business on the day specified.

(B)

Include a sworn statement as to the accuracy and truth of the report from an officer of the Oregon operating institution that makes the report and an attestation from not less than two directors of the Oregon operating institution.

(b)

The Oregon operating institution shall transmit the report to the director within the time allowed by federal regulations for submitting reports of national bank associations to the federal regulatory agencies.

(3)

The director may require additional reports of condition at any time. The additional reports must meet the requirements of subsection (2) of this section.

(4)

Trust companies that do not conduct banking business need not submit the reports required in subsection (1) of this section, but shall submit reports that the director requires.

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