Statutes and Administrative Rules

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Rules coordinator: Shelley Greiner

Proposed administrative rules
Recent rules - permanent rules not yet posted to Secretary of State Web site
Temporary administrative rules

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Banks
Administration and Enforcement of Banking Laws Generally	ORS Chapter 706
Bank Holding Companies; Financial Holding Companies	ORS Chapter 715
Branch Banking; Automated Teller Machines	ORS Chapter 714
Fees, names, and enforcement authority	ORS Chapter 705 (705.610-705.642)
Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency	ORS Chapter 711
Organization to Conduct Banking Business; Stockholders, Directors and Officers	ORS Chapter 707
Out-of-State Banks and Extranational Institutions	ORS Chapter 713
Regulation of Institutions Generally	ORS Chapter 708A
Savings banks	ORS Chapter 716
Definitions; annual assessments/fees	OAR Chapter 441, Div. 500
General provisions	OAR Chapter 441, Div. 505
Public records requests	OAR Chapter 441, Div. 002
Rulemaking and general procedures	OAR Chapter 441, Div. 001
Savings and loan	OAR Chapter 441, Div. 760
Check-cashing businesses
Collection Agencies; Check-Cashing Businesses; Debt Consolidating Agencies	ORS Chapter 697 (697.500 to 697.555)
Check-Casher Rules	OAR Chapter 441, Div. 755
Collection agencies
Collection Agencies; Check-Cashing Businesses; Debt Consolidating Agencies	ORS Chapter 697 (697.005 to 697.095)
Collection agencies	OAR Chapter 441, Division 810
Commodity transactions (Securities program)
Commodity transactions	ORS Chapter 645
Commodity transactions (Securities program)	OAR Chapter 441, Div. 300
Consumer finance
Consumer finance	ORS Chapter 725 (725.010-725.510; 725.910)
Consumer finance	OAR Chapter 441, Div. 730
Credit service organizations
Trade Regulation	ORS Chapter 646A (646A.250 to 646A.270)
Registration and Collection Activities	OAR Chapter 441, Div. 830
Credit unions
Credit unions	ORS Chapter 723
Definitions, fees, membership, supervision, investments, powers, reserves	OAR Chapter 441, Div. 710
Share drafts, corporate credit union, member business loans	OAR Chapter 441, Div. 720
Debt consolidating agencies
Collection Agencies; Check-Cashing Businesses; Debt Consolidating Agencies	ORS Chapter 697 697.602 to 697.842
Registration of Debt Consolidating Businesses	OAR Chapter 441, Div. 910
Franchise transactions (Securities program)
Franchise transactions	ORS Chapter 650
Franchise transactions	OAR Chapter 441, Div. 325
Identity theft
Identity Theft	ORS Chapter 646A 646A.600 to 646A.628
Definitions, Expenses of Providing Notification, Use of Social Security Number, Safeguarding of Personal Information	OAR Chapter 441, Div. 646
International trade consultants
International trade consultants	OAR Chapter 441, Div. 950
Manufactured structures dealer
Manufactured structure dealers and dealerships	ORS Chapter 446 (446.661 through 446.995)
Dealer licensing	OAR Chapter 441, Div. 446
Money transmitters
Money transmitters	Chapter 717
Money transmitters	OAR Chapter 441, Div. 745
Mortgage lending
Securities Regulation; Mortgage Bankers and Brokers	ORS Chapter 59
Custody of client funds	OAR Chapter 441, Div. 875
License cancellation	OAR Chapter 441, Div. 885
Licensing	OAR Chapter 441, Div. 860
Loan originators	OAR Chapter 441, Div. 880
Public records, fees, opinion requests, rulemaking	OAR Chapter 441, Div. 850
Records and reports requirements	OAR Chapter 441, Div. 865
Unethical practices	OAR Chapter 441, Div. 870
Pawnbrokers
Pawnbrokers	ORS Chapter 726
Pawnbrokers	OAR Chapter 441, Div. 740
Prearranged funeral plans and endowment care
Endowment cemetery care	ORS Chapter 97 (97.810)
Prearrangement sales and preconstruction sales	ORS Chapter 97 (97.923)
Prearranged funeral plans and endowment care	OAR Chapter 441, Div. 930
Securities
Commodity transactions	ORS Chapter 645
Franchise transactions	ORS Chapter 650
Securities Regulation; Mortgage Bankers and Brokers	ORS Chapter 59
Books and records requirements	OAR Chapter 441, Div. 195
Conditions of registration	OAR Chapter 441, Div. 85
Denial, withdrawal or conditioning of exemptions	OAR Chapter 441, Div. 45
Exempt securities	OAR Chapter 441, Div. 25
Exempt transactions	OAR Chapter 441, Div. 35
Federal covered securities	OAR Chapter 441, Div. 49
General provisions	OAR Chapter 441, Div. 11
License cancellation, withdrawal	OAR Chapter 441, Div. 225
License denial, suspension, or revocation	OAR Chapter 441, Div. 205
Licensing (Broker-dealer, investment advisor, and individuals)	OAR Chapter 441, Div. 175
Renewal of securities registration	OAR Chapter 441, Div. 75
Securities registration	OAR Chapter 441, Div. 65
Sellers of travel
Trade Regulation	ORS Chapter 646A 646A.010 to 646A.020
Seller of travel	OAR Chapter 441, Div. 925
Title loans (Consumer finance section)
Consumer finance	ORS Chapter 725 (725.010-725.510; 725.910)
Consumer finance	OAR Chapter 441, Div. 730
Trusts
Regulation of Trust Business	ORS Chapter 709
Definitions; annual assessments/fees	OAR Chapter 441, Div. 500

 

Proposed administrative rules:

Check cashing businesses - amend: 441-755-0300, 441-755-0310

This rulemaking activity streamlines the record-keeping and reporting requirements by registered check cashing businesses in Oregon to the Department of Consumer and Business Services. Under the proposed rules, check cashers would no longer track the date on a check, or the name of the person who has issued the check. The proposed rules also remove the current requirements for a check casher to report on the number of cashed checks greater than $1,000 and the number of cashed checks that a financial institution refused to accept or pay (i.e., dishonored).

Sellers of travel - repeal: 441-925-0010, 441-925-0020, 441-925-0030, 441-925-0040

The legislature passed Senate Bill 109 in the 2009 legislative session. Senate Bill 109 repealed a voluntary certification program for trade associations representing travel agencies, effective January 1, 2010. As a result of legislative action, the administrative rules that implement the association of sellers of travel program are no longer necessary. This rulemaking activity proposes to repeal these unnecessary provisions effective on January 1, 2010 to coincide with the statute.

Savings associations - amend: 441-005-0010, 441-500-0020, 441-505-4010; repeal: 441-760-0020, 441-760-0030, 441-760-0040, 441-760-0050, 441-760-0060, 441-760-0070, 441-760-0080, 441-760-0090 441-760-0100, 441-760-0110, 441-760-0120, 441-760-0130, 441-760-0140, 441-760-0150, 441-760-0160, 441-760-0170, 441-760-0180, 441-760-0190, 441-760-0200, 441-760-0210, 441-760-0220, 441-760-0230, 441-760-0240, 441-760-0250, 441-760-0260, 441-760-0265, 441-760-0270, 441-760-0280, 441-760-0290, 441-760-0300, 441-760-0310

The legislature passed HB 2199 in the 2009 legislative session. The bill streamlined regulation of the financial services sector in Oregon in part by repealing the statutes governing savings associations (ORS chapter 722), which has not been utilized by an Oregon company for some time. This rulemaking removes rules implementing the repealed statutes and also removes references to savings associations throughout OAR chapter 441.

Recent rules - permanent rules not yet posted to Secretary of State Web site:

Banks - adopt: OAR 441-505-3070, 441-505-3075, and 441-505-3080, and 441-505-3085

These rules adopt the approaches taken by several contiguous states and the federal government for determining when loans to more than one borrower should be aggregated against a bank's legal lending limit. Currently, loans to more than one borrower are aggregated together when the obligation is made "for the benefit" another person. This standard may prove difficult for financial institutions to apply, because it is subject to multiple interpretations. The division is adopting federal regulations concerning the existence of a "direct benefit" and "common enterprise" tests, as well as special rules for partnerships that were in the proposed rules but have been rearranged into a separate rule in response to public comment.

Effective August 7, 2009

Temporary administrative rules:

None at this time

Resources:

Statutes: This links to the general Oregon Revised Statues Web site. It provides search and index functions as well as an overview to the Oregon Revised Statutes.

Rules: This is a general link to the Div. of Finance and Corporate Securities Rules as posted on the Secretary of State's Oregon State Archives Web site. Search and index functions available.