ORS 706.580: Illegal, unauthorized or unsafe practices; authority of director.

(1) The Director of the Department of Consumer and Business Services may take an action described in subsection (2) of this section if a banking institution or non-Oregon institution:

      (a) Conducts business in an unsafe or unauthorized manner;

      (b) Refuses to submit records for inspection by an examiner or by the Department of Consumer and Business Services; or

      (c) Violates a law of this state or the United States or a duly issued order of the director.

      (2) If the director believes a condition described in subsection (1) of this section exists, the director may:

      (a) Notify the appropriate bank supervisory agency, with respect to the banking institution or non-Oregon institution, of the director’s determination and the facts and circumstances on which the determination is based;

      (b) Provide the banking institution or non-Oregon institution with a statement of the charges on the basis of which the director determined that the banking institution or non-Oregon institution is violating the law or conducting business in an unsafe or unauthorized manner;

      (c) Notify the banking institution or non-Oregon institution of the date and place of a hearing before the director, or a person designated by the director, with respect to the charges against the banking institution or non-Oregon institution; and

      (d) Conduct a hearing pursuant to the notice given to the banking institution or non-Oregon institution under subsection (1)(c) of this section and make findings with respect to each of the charges specified in the notice to the banking institution or non-Oregon institution.

      (3) After a hearing conducted under subsection (2) of this section, the director may:

      (a) By an order in writing:

      (A) Direct the discontinuance of the illegal, unsafe or unauthorized practices; and

      (B) Direct the banking institution or non-Oregon institution to take affirmative action to correct or remedy a condition that resulted from the illegal, unsafe or unauthorized practice;

      (b) Apply for and obtain an injunction or other appropriate order from a court that has jurisdiction over the matter to enforce the director’s order issued under paragraph (a) of this subsection;

      (c) Publish notice of an order the director issued pursuant to paragraph (a) of this subsection; and

      (d) Suspend or revoke the authority of a non-Oregon institution to open, occupy or maintain a branch or branches in this state.