Current through 2024 Regular Session legislation
Section 708A.990 - Civil penalties(1) An institution that violates ORS 708A.560 shall forfeit a civil penalty in an amount the Director of the Department of Consumer and Business Services determines that is not more than $50,000.(2) An Oregon commercial bank that violates ORS 708A.420 shall forfeit a civil penalty in an amount the director determines that is not more than $10,000. In addition, the director may revoke the Oregon commercial bank's charter.(3) All money forfeited under subsections (1) and (2) of this section shall be paid to the State Treasurer for deposit in the Consumer and Business Services Fund.(4) The director may recover a civil penalty as provided in ORS 706.980.Amended by 2015 Ch. 244,§ 74, eff. 6/4/2015, op. 1/1/2016.