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Section 708A.670 - Definitions for ORS 708A.670 and 708A.675.

OR Rev Stat § 708A.670 (2019) (N/A)
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(1) "Financial exploitation" has the meaning given that term in ORS 124.050.

(2) "Financial institution" means a financial institution or a trust company as those terms are defined in ORS 706.008.

(3) "Law enforcement agency" has the meaning given that term in ORS 124.050.

(4) "Vulnerable person" has the meaning given that term in ORS 124.100.

(5) "Vulnerable person’s account" means a contract of deposit of funds between a depositor and a financial institution where:

(a) The account is owned by a vulnerable person, whether individually or with one or more other persons; or

(b) A vulnerable person is a beneficiary of the account, including of a formal or informal trust account, a payable on death account, a conservatorship account or a guardianship account. [2017 c.290 §1]

Note: 708A.670 to 708A.680 were enacted into law by the Legislative Assembly but were not added to or made a part of the Bank Act or any chapter or series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

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Section 708A.660 - Savings promotion raffles; rules.
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Section 708A.675 - Authority of financial institutions in cases of suspected financial exploitation; notifications; limitation on liability.