Statutes, codes, and regulations
Oregon Revised Statutes
Title 53 - FINANCIAL INSTITUTIONSChapter 706 - ADMINISTRATION AND ENFORCEMENT OF BANKING LAWS GENERALLY
SUPERVISION OF BANKING INSTITUTIONS
Section 706.795 - Rules authorizing banking institutions to exercise powers of certain financial institutions

ORS § 706.795

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Current through 2024 Regular Session legislation
Section 706.795 - Rules authorizing banking institutions to exercise powers of certain financial institutions

Notwithstanding any other provision of law, the Director of the Department of Consumer and Business Services may, in accordance with ORS 183.310, 183.315, 183.330, 183.335 and 183.341 to 183.410, make rules that authorize banking institutions to exercise any of the powers conferred upon any financial institution that is conducting banking business or trust business in this state, if the director finds that the exercise of the power:

(1) Serves the public convenience and advantage; and
(2) Promotes or maintains fair competition between banking institutions and other financial institutions.

ORS 706.795

Amended by 2015 Ch. 244,§ 14, eff. 6/4/2015, op. 1/1/2016.
Formerly 706.555; 1997 c.631 §23