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10 chapters · 500 sections in this title.
ORS 708A.600 Charging off losses
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An institution shall charge off all debts: (1) On which interest is past due and unpaid for 12 months, unless the debt is fully secured and in process of collection; (2) That an examiner has classified as a loss; or (3) Upon the instruction of the Director of the Department of Co…
ORS 708A.605 Separate accounts for foreign branches
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An institution shall maintain the accounts of each foreign branch independently of the accounts of other foreign branches established by it and of its home office. At the end of each year, the profit or loss accrued at each branch shall be transferred to the general ledger as a s…
ORS 708A.630 Negligent, excessive, dishonest or unlawful loans; civil liability of officer, director or employee
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Any officer, director or employee of an institution who knowingly or negligently loans the funds of the institution in a dishonest or unlawful manner or permits the funds of the institution to be so loaned, is liable for the full amount of the loan and for all damages that the in…
ORS 708A.635 Written policies regarding reporting to and obtaining approval of board; duty to report
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Institutions shall develop written policies regarding the types of matters that shall be reported to and approved by the institution’s board of directors. An officer, director or employee of an institution shall not conceal from or fail to report to the board of directors of the …