Oregon Statutes 723.830 – Regulation of services performed for credit union
Current as of: 2023 | Check for updates
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A credit union may not contract for any of the services described in this section to be performed for the credit union unless both the credit union and the person performing the services agree to be subject to regulation and examination by the Director of the Department of Consumer and Business Services to the same extent as if the services were performed by the credit union. This section applies to the following services:
Terms Used In Oregon Statutes 723.830
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the Department of Consumer and Business Services. See Oregon Statutes 723.001
- Director: means the Director of the Department of Consumer and Business Services. See Oregon Statutes 723.001
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) Check and deposit sorting and posting.
(2) Computation and posting of interest and other credits and charges.
(3) Any other bookkeeping, accounting or similar functions performed for a credit union. [1987 c.650 § 9; 1997 c.832 § 9]