Oregon Statutes 708A.275 – Establishment of loan production office; notice; fee
(1) 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:
Terms Used In Oregon Statutes 708A.275
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(a) The name of the Oregon bank and the address of the main office;
(b) The name and address of the loan production office; and
(c) The name and address of the officer of the Oregon bank who is responsible for loan production office activities.
(2) An Oregon bank shall file a notice under subsection (1) of this section for each loan production office.
(3) Each notice that an Oregon bank files under subsection (1) of this section must be:
(a) Accompanied by a nonrefundable fee of $100.
(b) 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.
(4) 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. [1999 c.107 § 5; 2015 c.244 § 45a]
LOAN AND OTHER OBLIGATION LIMITS