§ 25.640 Definitions

Codes > Oregon Revised Statutes > Title 2 > Chapter 25 : Financial Institution > 25.640

25.640. Definitions

    For purposes of ORS 25.643 and 25.646:

        (1) “Account” means a demand deposit account, checking or negotiable withdrawal order account, savings account, share draft account, time deposit account or money-market mutual fund account.

        (2) “Customer” has the meaning given that term in ORS 192.550.

        (3) “Financial institution” means:

            (a) A depository institution, as defined in section 3(c) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c));

            (b) Any federal credit union or state credit union, as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752), including an institution-affiliated party of such a credit union, as defined in section 206(r) of the Federal Credit Union Act (12 U.S.C. 1786(r)); and

            (c) Any benefit association, insurance company, safe deposit company, money-market mutual fund or similar entity authorized to do business in the state.

        (4) “Financial records” has the meaning given that term in ORS 192.550.