Or. Admin. Code § 863-050-0030

Current through Register Vol. 63, No. 12, December 1, 2024

Section 863-050-0030 - Bank Charges

An escrow agent may not authorize or allow a bank to remove funds from its account established under ORS 696.578 for payment of bank service charges, overdraft charges, printed check charges, collection charges, or bank fees or bank service charges of any kind. Such charges must be paid from the escrow agent's own funds.

REC 29, f. 12-9-70, ef. 1-10-71; REC 5-1978, f. 11-15-78, ef. 1-1-79; REA 2-1997, f. 6-18-97, cert. ef. 7-1-97; REA 10-2008, f. 12-15-08, cert. ef. 1-1-09

Stat. Auth.: ORS 696.385 & 696.581

Stats. Implemented: ORS 696.541 & 696.578