OAR 863-050-0030: Bank Charges

Edition: Current OARD snapshotEffective: 2009-01-01Last verified: 2026-09-07

An escrow agent may not authorize or allow a bank to remove funds from its account established under ORS 696.578 for payment of bank service charges, overdraft charges, printed check charges, collection charges, or bank fees or bank service charges of any kind. Such charges must be paid from the escrow agent’s own funds.

Official history and status

Statutory/Other Authority: ORS 696.385 & 696.581

Statutes/Other Implemented: ORS 696.541 & 696.578

History: REA 10-2008, f. 12-15-08, cert. ef. 1-1-09 REA 2-1997, f. 6-18-97, cert. ef. 7-1-97 REC 5-1978, f. 11-15-78, ef. 1-1-79 REC 29, f. 12-9-70, ef. 1-10-71

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Official source: https://secure.sos.state.or.us/oard/