(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.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(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. [1997 c.631 § 201; 2015 c.244 § 74]