Contractual rights not restricted. The authority granted to financial institutions under ORS 708A.675 is in addition to and not in lieu of any right a financial institution may have under the financial institution’s deposit or other contract with the financial institution’s customer. Nothing in ORS 708A.675

(1) Restricts the rights of a financial institution to take or refuse to take any action pursuant to the financial institution’s deposit or other contract with the financial institution’s customer; or

(2) Requires a financial institution to comply with any provision of ORS 708A.675 when acting pursuant to the provisions of the financial institution’s deposit or other contract with the financial institution’s customer. [2017 c.290 §3]

Note: See note under 708A.670.

PENALTIES