ORS 708A.600¹
Charging off bad debts

An institution shall charge off all debts:

(1) On which interest is past due and unpaid for 12 months, unless the debt is fully secured and in process of collection;

(2) That are classified by an examiner as a bad debt; or

(3) Upon the instruction of the Director of the Department of Consumer and Business Services. [1997 c.631 §195]

1 Legislative Counsel Committee, CHAPTER 708A—Regulation of Institutions Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors708A.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information