Current through 2024 Regular Session legislation
Section 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: (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.Amended by 2015 Ch. 244,§ 45a, eff. 6/4/2015, op. 1/1/2016.