(2) In addition to the civil penalty provided by subsection (1) of this section, a credit union or a director, officer, committee member, agent or employee of a credit union who violates any provision of this chapter, or any rule or final order issued under this chapter, may be assessed a civil penalty in an amount determined by the director but not to exceed the amount by which the person profited as a result of the violation.
(3) Civil penalties under this section shall be imposed as provided in ORS 183.745.
(4) If a civil penalty is assessed against a director, officer, committee member, agent or employee of a credit union, unless the director provides otherwise, the director, officer, committee member, agent or employee shall forfeit the penalty and the penalty shall not be paid either directly or indirectly by the credit union.
(5) All moneys collected under this section shall be paid to the State Treasurer and credited as provided in ORS 705.145. [Formerly 723.826]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Section 723.001 - Definitions.
Section 723.012 - Organization procedure; articles of incorporation; bylaws; fee; rules.
Section 723.014 - Denial of certificate of approval.
Section 723.022 - Amendment of articles and bylaws; fee; rules.
Section 723.032 - Places of business; mobile facilities.
Section 723.042 - Interstate credit unions.
Section 723.106 - Reports; late filing penalty; rules.
Section 723.112 - Examinations.
Section 723.114 - Annual fees paid by credit unions; rules.
Section 723.118 - Disclosure of records of department; exemptions.
Section 723.122 - Bond or letter of credit; rules.
Section 723.152 - General powers; rules.
Section 723.156 - Exercise of powers of federal credit union.
Section 723.172 - Credit union membership; rules.
Section 723.196 - Meeting of members; mail or electronic ballots.
Section 723.202 - Withdrawal and expulsion of members; request for reinstatement.
Section 723.252 - Election of directors and appointment of credit committee and credit manager.
Section 723.276 - Executive officers.
Section 723.296 - Duties of directors; delegation of duties.
Section 723.312 - Loan officers.
Section 723.322 - Duties of supervisory committee; verification of member accounts; rules.
Section 723.326 - Suspension and removal of officials; restrictions on service as director.
Section 723.412 - Deposit and deposit certificate accounts; interest; priority.
Section 723.434 - Share draft accounts.
Section 723.460 - Reduction in shares.
Section 723.466 - Disposition of deposit on death of depositor.
Section 723.474 - Definitions for ORS 723.474 to 723.498.
Section 723.478 - Ownership of multiple-party accounts.
Section 723.488 - Joint account; payment to any party to account; payment to others.
Section 723.512 - Loan limit; exception.
Section 723.526 - Other loan programs.
Section 723.532 - Loans to credit union officials; waiver; rules.
Section 723.572 - Insurance for members.
Section 723.582 - Share and deposit insurance.
Section 723.602 - Investment of funds; rules.
Section 723.631 - Regular reserve; reserve for loan losses; rules.
Section 723.636 - Charges to regular reserve.
Section 723.646 - Special reserves; purpose.
Section 723.672 - Suspension; revocation of charter.
Section 723.676 - Liquidation.
Section 723.682 - Merger; opposition to merger.
Section 723.686 - Conversion of charter.
Section 723.716 - Additional rights and powers.
Section 723.730 - Corporate central credit union; membership; rights and powers; rules.
Section 723.816 - Prohibited acts.
Section 723.822 - Cease and desist orders; contents; effective date; removal or suspension.
Section 723.830 - Regulation of services performed for credit union.
Section 723.836 - Effect of amendment or repeal of Oregon Credit Union Act.