Oregon Statutes 305.994 – Civil penalties imposed on financial institution
(1) In addition to any other liability or penalty provided by law, the Department of Revenue may impose a civil penalty:
Attorney's Note
Under the Oregon Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class C felony | up to 5 years | up to $125,000 |
Terms Used In Oregon Statutes 305.994
- Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
(a) Of up to $1,000 on a financial institution for failure to participate in the data match system, or for noncompliance with rules adopted by the department to administer the data match system, if:
(A) The failure or noncompliance causes the department to be unable to identify whether a delinquent debtor holds an account at the financial institution; and
(B) The financial institution does not remedy the failure or noncompliance within 30 days after the department provides notice of failure or noncompliance to the financial institution.
(b) If the department has imposed a penalty on a financial institution for failure or noncompliance under paragraph (a) of this subsection, of up to $1,000 on the financial institution for each month that the financial institution does not remedy the failure or noncompliance.
(c) Of up to $2,500 on any person for violation of ORS § 305.088.
(d) Of up to $1,000 on any person for violation of ORS § 305.091.
(2) Civil penalties under this section shall be imposed in the manner provided by ORS § 183.745.
(3) All civil penalties recovered under this section shall be paid into the State Treasury and credited to the General Fund and are available for general governmental expenses.
(4) In addition to any other liability or penalty provided by law, violation of ORS § 305.091 by an officer or employee of the State of Oregon is a Class C felony. An officer or employee of the State of Oregon who violates ORS § 305.091 shall be dismissed from office and may not hold any public office with the State of Oregon for a period of five years from the date of dismissal. [2017 c.644 § 6]
305.994 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 305 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.