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Can you summarize ORAR 441-500?
Department of Consumer and Business Services, Finance and Securities Regulation > BANKING
Short Summary
This document governs the fees for banks, trust companies, savings banks, extranational institutions, savings associations, and call for reports in Oregon. It applies to Oregon based insured institutions, extranational institutions, and trust companies subject to the jurisdiction of the Director. The document provides definitions for terms used, such as ‘assets’ and outlines the process for determining fee assessments based on the average assets of the institutions. It also specifies the annual fee assessment amounts based on different asset ranges. The document further includes provisions for risk-based assessments, regulatory fee assessments for trust companies, and extranational institutions. The fees assessed are not subject to prorate or refund. The document also mentions the due date for fee payments and allows for the Director to reduce fees assessed for any specific year. Additionally, it clarifies that the fees assessed are separate from charges for special examination and special attention. No specific penalties are mentioned in this document.
Whom does it apply to?
Oregon based insured institutions, extranational institutions, and trust companies subject to the jurisdiction of the Director
What does it govern?
Fees for banks, trust companies, savings banks, extranational institutions, savings associations, and call for reports in Oregon
What are exemptions?
No specific exemptions are mentioned in this document
What are the Penalties?
No specific penalties are mentioned in this document
Jurisdiction
Oregon