# ORS § 708a.145: 708A.145 Authorized services of bank service corporations

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.145

## Section

- **Citation:** ORS § 708a.145
- **Heading:** 708A.145 Authorized services of bank service corporations
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 53 / Chapter 708a / Section 708a.145

## Text

(1) A bank service corporation may perform any of the following services for financial institutions:

(a) Check and deposit sorting and posting;

(b) Computing and posting interest and other credits and charges;

(c) Preparing and mailing checks, statements, notices and similar items; or

(d) Any other clerical, bookkeeping, accounting, statistical or similar functions.

(2) In addition to the services that a bank service corporation may perform for financial institutions under subsection (1) of this section, a bank service corporation:

(a) May perform for any person any service that any shareholders of the bank service corporation or any holding company or subsidiary of the shareholder may lawfully perform, except that a bank service corporation may not engage in the business of banking.

(b) Is subject to the limitations with respect to selling insurance that apply to depository institutions under ORS 746.213 (Definitions for ORS 746.213 to 746.219) to 746.219 (Investigatory powers) . For the purpose of this paragraph, “depository institution” has the meaning given that term in ORS 746.213 (Definitions for ORS 746.213 to 746.219) .

(3) A banking institution may not cause to be performed, by contract or otherwise, any of the services described in subsection (1) of this section for the banking institution, whether on or off the banking institution’s premises, unless both the banking institution and the person that performs the services give a satisfactory assurance to the Director of the Department of Consumer and Business Services that the director may regulate and examine the performance of the services to the same extent as if the banking institution performed the services on the banking institution’s own premises.

(4) The director may regulate and examine the performance of the services described in subsection (1) of this section for financial institutions, and may regulate and examine a bank service corporation’s performance of the services described in subsection (2) of this section. [1997 c.631 §124; 2003 c.363 §8; 2015 c.244 §36]

Source: Section 708A.145 — Authorized services of bank service corporations; sale of insurance; regulation of services , https://www.­oregonlegislature.­gov/bills_laws/ors/ors708A.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 708a.005 708A.005 Powers of institutions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.005.md)
- [ORS § 708a.010 708A.010 Investments and activities of Oregon commercial banks](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.010.md)
- [ORS § 708a.115 708A.115 Investment in government obligations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.115.md)
- [ORS § 708a.120 708A.120 Investment in stock of other entity](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.120.md)
- [ORS § 708a.125 708A.125 Stock in corporations acquired to strengthen capital or eliminate undesirable assets](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.125.md)
- [ORS § 708a.130 708A.130 Definition for ORS 708A.135 to 708A.145](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.130.md)
- [ORS § 708a.135 708A.135 Investment in bank service corporation](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.135.md)
- [ORS § 708a.140 708A.140 Discrimination by bank service corporation prohibited against nonstockholding depository institution](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.140.md)
- [ORS § 708a.145 708A.145 Authorized services of bank service corporations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.145.md)
- [ORS § 708a.150 708A.150 Community development corporations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.150.md)
- [ORS § 708a.155 708A.155 Investment in foreign banks](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.155.md)
- [ORS § 708a.160 708A.160 Corporation or limited liability company created to establish ATMs](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.160.md)
- [ORS § 708a.165 708A.165 Membership in Federal Reserve System](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.165.md)
- [ORS § 708a.170 708A.170 Securities powers](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.170.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C708a_S708a.145. Check the current official text before relying on it. Not legal advice.