ORS 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. [1999 c.107 §5; 2015 c.244 §45a]

LOAN AND OTHER OBLIGATION LIMITS