ORS 708A.275 Establishment of loan production office; notice; fee

An Oregon bank shall file a notice with the Director of the Department of Consumer and Business Services within 30 days after establishing a loan production office in this state or in another state. The notice must include:

The name of the Oregon bank and the address of the main office;

The name and address of the loan production office; and

The name and address of the officer of the Oregon bank who is responsible for loan production office activities.

An Oregon bank shall file a notice under subsection (1) of this section for each loan production office.

Each notice that an Oregon bank files under subsection (1) of this section must be:

Accompanied by a nonrefundable fee of $100.

Amended if a material change occurs in the information the Oregon bank provided under subsection (1) of this section. A fee is not required for amendments.

An Oregon bank shall notify the director of the closure of a loan production office, the date of closure and the disposition of any records previously maintained at the loan production office. A fee is not required for a notice of closure.