# ORS § 706.500: 706.500 Examination of banking institutions and non-Oregon institutions

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.500

## Section

- **Citation:** ORS § 706.500
- **Heading:** 706.500 Examination of banking institutions and non-Oregon institutions
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 53 / Chapter 706 / Section 706.500

## Text

(1) Each banking institution is subject to the inspection of the Director of the Department of Consumer and Business Services. The director shall conduct an examination of the condition and resources of each banking institution and determine whether the banking institution is complying with the laws of this state and such other matters as the director may prescribe. Except as provided in subsections (3) and (5) of this section, the director shall conduct examinations not more than 24 months apart.

(2) Subject to ORS 706.515 (Agreements with other bank supervisory agencies and Financial Crimes Enforcement Network) , the director may at any time examine any branch of a non-Oregon institution located in this state, for the same purposes and to the same extent as provided in the case of banking institutions.

(3) The director may participate in any program that the Federal Deposit Insurance Corporation or the Federal Reserve Board provides for joint or alternate examinations of banking institutions and non-Oregon institutions.

(4) In addition to an examination under subsection (1), (2) or (3) of this section, the director may conduct an examination of a banking institution at any other time.

(5) Instead of conducting an examination of a banking institution or non-Oregon institution under subsection (1), (2) or (3) of this section, the director may accept an examination or report made under the Federal Reserve Act or under other statutes of the United States. [Amended by 1973 c.797 §22; 1981 c.192 §4; 1985 c.786 §7; 1997 c.631 §3a; 2015 c.244 §8]

Source: Section 706.500 — Examination of banking institutions and non-Oregon institutions; examination program with federal regulators , https://www.­oregonlegislature.­gov/bills_laws/ors/ors706.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 706.005 706.005 Definitions for Bank Act](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.005.md)
- [ORS § 706.008 706.008 Additional definitions for Bank Act](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.008.md)
- [ORS § 706.015 706.015 Bank Act references to federal statutes and regulations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.015.md)
- [ORS § 706.500 706.500 Examination of banking institutions and non-Oregon institutions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.500.md)
- [ORS § 706.515 706.515 Agreements with other bank supervisory agencies and Financial Crimes Enforcement Network](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.515.md)
- [ORS § 706.520 706.520 Request by directors or stockholders for examination](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.520.md)
- [ORS § 706.530 706.530 Annual fees paid by banking institutions and non-Oregon institutions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.530.md)
- [ORS § 706.544 706.544 Costs for special examination or other actions taken](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.544.md)
- [ORS § 706.560 706.560 Appraisal of securities and audit](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.560.md)
- [ORS § 706.570 706.570 Requirement that banking institution keep books and accounts](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.570.md)
- [ORS § 706.575 706.575 Certificate as evidence that document is filed with director](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.575.md)
- [ORS § 706.578 706.578 Establishment of loan production office](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.578.md)
- [ORS § 706.580 706.580 Illegal, unauthorized or unsafe practices](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.580.md)
- [ORS § 706.600 706.600 Authority to protect creditors and depositors of banking institution or non-Oregon institution](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.600.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.500. Check the current official text before relying on it. Not legal advice.