Or. Admin. Code § 170-040-0100

Current through Register Vol. 64, No. 1, January 1, 2025

Section 170-040-0100 - Reporting Requirement for Depositories with Decreased Net Worth and/or Capitalization Level

A depository that files reports with the State Treasurer according to ORS 295.061(1) is required to submit a new Treasurer Report to the State Treasurer within three business days of:

(1) The date on which the depository's net worth is reduced by an amount greater than 10 percent of the amount shown on its most recent Treasurer Report.

(2) The date on which a depository ceases to be well capitalized and becomes adequately capitalized or undercapitalized, or ceases to be adequately capitalized and becomes undercapitalized.

Or. Admin. Code § 170-040-0100

OST 6-2008, f. & cert. ef. 11-28-08; OST 1-2013, f. & cert. ef. 4-2-13

Stat. Auth.: ORS 295.061(2)(a) & 295.061(2)(b)

Stats. Implemented: ORS 295