2015 ORS § 706.795¹

Rules authorizing banking institutions to exercise powers of certain financial institutions

Notwithstanding any other provision of law, the Director of the Department of Consumer and Business Services may, in accordance with ORS 183.310 (Definitions for chapter), 183.315 (Application of provisions of chapter to certain agencies), 183.330 (Description of organization), 183.335 (Notice) and 183.341 (Model rules of procedure) to 183.410 (Agency determination of applicability of rule or statute to petitioner), make rules that authorize banking institutions to exercise any of the powers conferred upon any financial institution that is conducting banking business or trust business in this state, if the director finds that the exercise of the power:

(1) Serves the public convenience and advantage; and

(2) Promotes or maintains fair competition between banking institutions and other financial institutions. [Formerly 706.555; 1997 c.631 §23; 2015 c.244 §14]

(formerly 706.555)

Atty. Gen. Opinions

Applica­tion to all state banks, (1976) Vol 38, p 58; adop­tion of regula­tions to permit banks to charge same interest rate on consumer finance loans as na­tional banks, (1980) Vol 40, p 450; authority of Director of Depart­ment of Consumer and Business Services to allow Sunday opera­tion of state banks, (1996) Vol 48, p 58

Chapter 706

Atty. Gen. Opinions

Applicability of licensing and registra­tion require­ments under Bank Act to loan solicita­tion office operating in Oregon, (1985) Vol 44, p 378


1 Legislative Counsel Committee, CHAPTER 706—Administration and Enforcement of Banking Laws Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors706.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2015, Chapter 706, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano706.­html (2015) (last ac­cessed Jul. 16, 2016).
 
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.