The authority granted to financial institutions under ORS § 708A.675 is in addition to and not in lieu of any right a financial institution may have under the financial institution’s deposit or other contract with the financial institution’s customer. Nothing in ORS § 708A.675:

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Terms Used In Oregon Statutes 708A.680

  • Contract: A legal written agreement that becomes binding when signed.

(1) Restricts the rights of a financial institution to take or refuse to take any action pursuant to the financial institution’s deposit or other contract with the financial institution’s customer; or

(2) Requires a financial institution to comply with any provision of ORS § 708A.675 when acting pursuant to the provisions of the financial institution’s deposit or other contract with the financial institution’s customer. [2017 c.290 § 3]

 

See note under 708A.670.

 

PENALTIES

 

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