Oregon § 714.995 - Civil penalty

§ 714.995. Civil penalty

714.995 Civil penalty

714.010 [Repealed by 1973 c.797 428]

BRANCH BANKING

(Branches of Banking Institutions)

714.015 Branches not in compliance with ORS 714.025 to 714.079 prohibited. Banking institutions shall not establish or maintain branches except as expressly authorized in ORS 714.025 to 714.079 and 714.995. [1997 c.631 312]

714.020 [Repealed by 1973 c.797 428]

714.025 Notice required to establish branches in Oregon or outside of Oregon; fee; rules. (1)(a) A banking institution may establish and operate one or more branches within or outside this state. Not later than 30 days before the board of directors of a banking institution establishes a branch, the banking institution shall file a notice with the Director of the Department of Consumer and Business Services that sets forth the name of the banking institution, the proposed location of the branch and the date on which the branch will begin operating. The director shall promptly advise the banking institution if the notice is incomplete or if the director requires additional information.

(b) The director may limit or restrict a banking institution s ability to establish an additional branch if the director determines that establishing an additional branch would adversely affect the banking institution s safety and soundness. A banking institution may appeal the director s decision in a contested case proceeding in accordance with ORS chapter 183.

(2) Mobile banking facilities described in ORS 714.035 and temporary branches are branches for purposes of this section. A temporary branch is a branch that operates for a period not to exceed 60 days, a period that may not be extended. The application fee for a temporary branch is $100. The director may establish rules regarding temporary branches.

(3) Branches to be located in other countries or to be located in dependencies or insular possessions of the United States are subject to the requirements of this section and ORS 714.045. [1997 c.631 313; 2015 c.244 88a]

714.030 [Amended by 1973 c.797 321; 1975 c.725 17; 1993 c.229 15; repealed by 1997 c.631 567]

714.035 Mobile banking facilities. A banking institution may, in accordance with ORS 714.025, establish one or more mobile facilities to engage in the banking business or to transact trust business. Mobile banking facilities may operate within this state and in other states. [1997 c.631 314; 2015 c.244 88b]

714.040 [Amended by 1971 c.68 4; 1973 c.797 322; 1975 c.544 40a; 1977 c.135 26; 1993 c.255 2; repealed by 1997 c.631 567]

714.045 Establishment of foreign branches; furnishing information; examination; rules. (1) A banking institution may establish branches in foreign countries or dependencies or insular possessions of the United States in accordance with ORS 714.025 if it possesses stockholder s equity of at least $1 million.

(2) A banking institution operating such branches shall furnish information concerning the condition of the branches to the Director of the Department of Consumer and Business Services upon demand.

(3) The director may order special examinations of such branches.

(4) The director may promulgate rules regarding such branches pursuant to ORS 183.310, 183.315, 183.330, 183.335, 183.341 and 183.410. [1997 c.631 315]

714.049 Investigating notices; soliciting comments. The Director of the Department of Consumer and Business Services shall investigate each notice that a banking institution files under ORS 714.025. With respect to notices for branches that the banking institution will locate outside this state, the director shall promptly provide the local bank supervisory agency or regulator with a copy of the notice and an opportunity to comment on the notice. The director is not bound by the local bank supervisory agency s or regulator s comments. [1997 c.631 316; 2015 c.244 88c]

714.050 [Amended by 1973 c.797 323; repealed by 1979 c.826 1]

714.054 Limiting or restricting banking institution s ability to establish branch. With respect to notices to establish branches in this state or another state, the Director of the Department of Consumer and Business Services may limit or restrict a banking institution s ability to establish a branch, except that the director s failure to limit or restrict the banking institution s ability to establish the branch within 30 days after receiving a complete notice is a decision not to limit or restrict the banking institution s ability to establish the branch. With respect to notices by banking institutions to establish branches in foreign countries or dependencies or insular possessions of the United States, the director may limit or restrict a banking institution s ability to establish a branch, except that the director s failure to limit or restrict the banking institution s ability to establish the branch within 90 days after receiving a complete notice is a decision not to limit or restrict the banking institution s ability to establish a branch. [1997 c.631 317; 2015 c.244 88d]

714.055 [1973 c.797 324; repealed by 1979 c.826 1]

714.059 Certificate authorizing branch to conduct business. At a banking institution s request, the Director of the Department of Consumer and Business Services shall issue and deliver a certificate to authorize each branch for which the banking institution has given notice under ORS 714.025 to conduct business. [1997 c.631 318; 2015 c.244 88e]

714.060 [Amended by 1973 c.797 325; 1985 c.12 7; 1993 c.229 16; 1993 c.255 3; repealed by 1997 c.631 567]

714.064 Time to commence business. A branch shall commence business within one year after the banking institution files notice with the Director of the Department of Consumer and Business Services under ORS 714.025. The director may extend for one additional year the period within which the banking institution may establish the branch. If a branch fails to commence business within the year or any extension of time the director grants, the director shall deem the banking institution to have withdrawn the notice and the branch may not open or operate. [1997 c.631 319; 2015 c.244 88f]

714.065 [1973 c.797 326; repealed by 1975 c.193 13]

714.069 Activities and powers at branches outside this state. (1) A banking institution may exercise the same powers and engage in the same activities at a branch or branches located in states outside this state as are permitted the banking institution within this state.

(2) A banking institution may exercise the same powers and engage in the same activities at a branch or branches located in foreign countries and dependencies or insular possessions of the United States as are permitted the banking institution within this state and in addition may exercise such additional powers as are permitted to such branches under 12 C.F.R. 211.3(b), 12 C.F.R. 347.3(c) and other applicable federal law. This subsection shall not be construed to permit a banking institution that opens, occupies or maintains one or more branches in a foreign country or dependency or insular possession of the United States to use the branch or branches or engage in any activities within this state that are not permitted to the banking institution under the laws of this state. [1997 c.631 320]

714.070 [Repealed by 1973 c.797 428]

714.075 Reports of deposits held at branches. Upon the call for a report of condition by the Director of the Department of Consumer and Business Services:

(1) Each Oregon commercial bank and Oregon savings bank shall report to the director the total deposits held at each of its branches; and

(2) Each non-Oregon institution and each federal bank that in either case holds deposits of the State of Oregon or any political subdivision thereof, or that underwrites bonds or other debt instruments issued by the state or any political subdivision thereof, shall report to the director the total deposits held at each of its branches located in the State of Oregon. [1997 c.631 321]

714.079 Closure and relocation of branches. A banking institution may close and relocate branches provided the banking institution provides the Director of the Department of Consumer and Business Services with a copy of any notice required under 12 U.S.C. 1831r-1(a), or comparable federal law, at the time and in the form required by such law or laws. [1997 c.631 322]

714.080 [Amended by 1973 c.797 327; repealed by 1997 c.631 567]

714.090 [Amended by 1971 c.68 5; repealed by 1973 c.797 428]

(Oregon Branches of Out-of-State Banks and Extranational Institutions)

714.095 Establishment of branches by out-of-state banks in this state; powers and activities at branches. (1) An out-of-state bank may occupy and maintain the out-of-state bank s initial branches in this state if and only if the out-of-state bank acquires the branches in accordance with ORS chapters 711 and 713.

(2) An out-of-state bank that is properly occupying and maintaining one or more branches in this state in accordance with ORS chapters 711 and 713 may thereafter open, occupy and maintain one or more additional branches in this state.

(3) An out-of-state bank that acquires branches in accordance with ORS chapters 711 and 713 is entitled to exercise powers and engage in activities at the out-of-state bank s branches in this state as provided in ORS 713.010 and applicable federal law. [1997 c.631 324; 2015 c.244 88g]

714.100 [Amended by 1963 c.195 11; 1969 c.360 1; 1973 c.797 328; repealed by 1993 c.255 4]

714.105 Establishment of branches by extranational institutions in this state; powers and activities at branches. (1) An extranational banking institution may occupy and maintain branches in this state as permitted by ORS chapter 713 and applicable federal law.

(2) An extranational banking institution may exercise powers and engage in activities at branches located in this state as permitted by ORS chapter 713 and applicable federal law. [1997 c.631 325]

714.110 [Amended by 1973 c.797 329; repealed by 1997 c.631 567]

714.120 [Repealed by 1963 c.402 11]

714.130 [Amended by 1973 c.797 330; repealed by 1997 c.631 567]

714.133 [1993 c.229 18; repealed by 1997 c.631 567]

714.135 [1993 c.229 19; repealed by 1997 c.631 567]

714.140 [Amended by 1973 c.797 331; repealed by 1997 c.631 567]

714.150 [Amended by 1973 c.797 332; repealed by 1997 c.631 567]

714.160 [Amended by 1973 c.797 333; repealed by 1997 c.631 567]

714.170 [Amended by 1973 c.797 334; repealed by 1997 c.631 567]

714.180 [1991 c.31 2; repealed by 1997 c.631 567]

714.200 [1975 c.193 11; 1985 c.762 45; 1993 c.381 1; repealed by 1997 c.631 567]

AUTOMATED TELLER MACHINES; NIGHT DEPOSIT FACILITIES

714.205 Disclosure of fees for ATM transaction; method; rules. (1) If the operator of an ATM charges a fee to any person to use the ATM, the operator shall disclose to persons using the ATM that a fee will be imposed for the ATM transaction.

(2) Subject to subsection (3) of this section, the disclosure required under subsection (1) of this section shall be made electronically during the ATM transaction and shall allow the person who will be charged a fee to cancel the ATM transaction without incurring a fee. The disclosure shall also be printed on the ATM transaction receipt.

(3) The Director of the Department of Consumer and Business Services may adopt rules conforming the disclosure requirements of subsection (2) of this section to disclosure requirements contained in:

(a) Any law enacted by the Congress of the United States; or

(b) Any regulation adopted by any federal agency having regulatory authority over ATMs. [1997 c.631 310b]

714.210 Use of ATMs; verification; application of branch banking law. (1) A banking institution, through its own facilities or those of an entity described in ORS 708A.160, may make available for use by its customers and others one or more ATMs. Every transaction initiated through an ATM shall be subject to verification by the banking institution either by direct wire transmission or otherwise.

(2) ORS 714.025 does not apply to the establishment and maintenance of ATMs. [1975 c.193 3; 1993 c.381 2; 1997 c.631 309]

714.220 [1975 c.193 4; 1993 c.381 3; repealed by 1997 c.631 567]

714.230 [1975 c.193 5; repealed by 1989 c.245 1]

714.240 [1975 c.193 6; 1979 c.810 1; 1989 c.245 2; 1993 c.381 4; repealed by 1997 c.631 567]

714.250 [1975 c.193 7; 1979 c.810 2; 1993 c.381 5; repealed by 1997 c.631 567]

714.260 [1975 c.193 8; 1993 c.381 6; repealed by 1997 c.631 567]

714.270 Prohibitions on use of ATM for banking information. No person shall use or attempt to use an ATM facility for the purpose of obtaining any information concerning an account or line of credit other than the person s own account or line of credit without the prior approval of an authorized signer on the account or line of credit. No person having received prior approval of the customer shall utilize such authority to obtain through the use of the ATM any information not necessary to the transaction which the customer seeks to accomplish through its use. [1975 c.193 9; 1993 c.381 7; 1997 c.631 310]

714.280 Legislative intent of ATM and night deposit facility law. (1) It is the intent of the Legislative Assembly in enacting ORS 714.280 to 714.315 to enhance the safety of consumers using ATMs and night deposit facilities in Oregon without discouraging the siting of ATMs and night deposit facilities in locations convenient to consumers homes and workplaces. Since decisions concerning safety at ATMs and night deposit facilities are inherently subjective, the Legislative Assembly intends to establish as the standard of care applicable to operators of ATMs and night deposit facilities in connection with user safety, the compliance with the objective standards and information requirements of ORS 714.280 to 714.315. The Legislative Assembly further recognizes the need for uniformity as to the establishment of safety standards for ATMs and night deposit facilities and intends with ORS 714.280 to 714.315 to supersede and preempt any rule, regulation, code or ordinance of any city, county, municipality or local agency regarding customer safety at ATMs and night deposit facilities in this state.

(2) It is not the intent of the Legislative Assembly in enacting ORS 714.280 to 714.315 to impose a duty to relocate or modify ATMs or night deposit facilities upon the occurrence of any particular events or circumstances, but rather to establish a means for the evaluation of all ATMs and night deposit facilities as provided in ORS 714.210 to 714.992. [1993 c.381 9,11]

714.285 Adoption of procedures for evaluating safety of ATM or night deposit facilities. Before installing any ATM or night deposit facility, the operator shall adopt procedures for evaluating the safety of the ATM or night deposit facility. For ATMs and night deposit facilities installed on or before July 1, 1994, operators shall adopt procedures not later than July 1, 1994. The procedures shall include a consideration of the following:

(1) The extent to which the lighting for the ATM or night deposit facility complies or will comply with the standards required by ORS 714.290 and 714.295.

(2) The presence of landscaping, vegetation or other obstructions in the area of the ATM or night deposit facility, the access area and the defined parking area.

(3) The incidence of crimes of violence in the immediate neighborhood of the ATM or night deposit facility, as reflected in the records of the local law enforcement agency and of which the operator has actual knowledge. [1993 c.381 10]

714.290 Deadlines for compliance with ORS 714.295. (1) Each operator of an ATM or night deposit facility installed after July 1, 1994, shall comply with ORS 714.295. Compliance with ORS 714.295 by operators of ATMs and night deposit facilities existing on or before July 1, 1994, shall be optional until July 1, 1996, and mandatory thereafter. This section shall apply to an operator of an ATM or night deposit facility only to the extent that the operator controls the access area or defined parking area to be lighted.

(2) If an access area or a defined parking area is not controlled by the operator of an ATM or night deposit facility, and if the person who leased the ATM or night deposit facility site to the operator controls the access area or defined parking area, the person who controls the access area or defined parking area shall comply with ORS 714.295 regarding any ATM or night deposit facility installed after July 1, 1994. Regarding any ATM or night deposit facility installed on or before July 1, 1994, the person shall comply with ORS 714.295 no later than July 1, 1996. [1993 c.381 12]

714.295 Lighting requirements for ATMs and night deposit facilities. The operator, owner or other person responsible for the ATM or night deposit facility shall provide lighting during hours of darkness for an open and operating ATM or night deposit facility and any defined parking area, access area and the exterior of an enclosed ATM or night deposit facility installation according to the following standards:

(1) There shall be a minimum of 10 candlefoot power at the face of the ATM or night deposit facility and extending in an unobstructed direction outward five feet.

(2) There shall be a minimum of two candlefoot power within 50 feet in all unobstructed directions from the face of the ATM or night deposit facility. In the event the ATM or night deposit facility is located within 10 feet of the corner of the building and the ATM or night deposit facility is generally accessible from the adjacent side, there shall be minimum of two candlefoot power along the first 40 unobstructed feet of the adjacent side of the building.

(3) There shall be a minimum of two candlefoot power in that portion of the defined parking area within 60 feet of the ATM or night deposit facility. [1993 c.381 13]

714.300 Issuance of safety information to customers of ATMs and night deposit facilities. The issuers of access devices shall furnish customers receiving the devices with notices of basic safety precautions which customers should employ while using an ATM or night deposit facility. This information shall be furnished by personally delivering or by mailing the information to each customer whose mailing address as to the account to which the access device relates is in this state. This information shall be furnished with respect to access devices issued after July 1, 1994, at or before the time the customer is furnished with the customer s access device. With respect to a customer to whom an access device has been issued on or before July 1, 1994, the information shall be delivered or mailed to the customer on or before December 31, 1994. Only one notice need be furnished per household, and if access devices are furnished to more than one customer for a single account or set of accounts or on the basis of a single application or other request for the access devices, only a single notice need be furnished in satisfaction of the notification responsibilities as to all those customers. The information may be included with other disclosures related to the access device furnished to the customer, such as with any initial or periodic disclosure statement furnished pursuant to the Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.). [1993 c.381 14; 2021 c.97 81]

714.305 Exempted ATMs and night deposit facilities. The requirements of ORS 714.280 (2) and 714.285 to 714.295 shall not apply to any ATM or night deposit facility that is:

(1) Located inside of a building, unless it is a freestanding installation that exists for the sole purpose of providing an enclosure for the ATM or night deposit facility.

(2) Located inside of a building, except to the extent that a transaction can be conducted from outside the building.

(3) Located in any area, including any access area, building, enclosed space or parking area that is not controlled by the operator. [1993 c.381 15]

714.310 Preemption of local regulation. ORS 714.210 to 714.315 supersede and preempts all rules, regulations, codes, statutes or ordinances of all cities, counties, municipalities and local agencies regarding customer safety at ATMs or night deposit facilities located in Oregon. [1993 c.381 16]

714.315 Creation of rebuttable presumption. Compliance with ORS 714.280 to 714.300 shall create a rebuttable presumption that the operator of the ATM or night deposit facility in question has provided adequate measures for the safety of users of the ATM or night deposit facility. [1993 c.381 17]

714.990 [Repealed by 1973 c.797 428]

PENALTIES

714.992 Criminal penalty. Violation knowingly of ORS 714.270 is a Class C felony. [1975 c.193 10]

714.995 Civil penalty. Each day a banking institution operates a branch with respect to which the banking institution has not filed notice with the Director of the Department of Consumer and Business Services under ORS 714.025, the banking institution is subject to a penalty of up to $1,000. The penalty shall be assessed and collected as prescribed in ORS 706.570 (3). [1997 c.631 323; 2015 c.244 89]

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