2015 Oregon Revised Statutes
Volume : 01 - Courts, Oregon Rules of Civil Procedure
Chapter 018 - Judgments
Section 18.787 - Liability of financial institution.
A financial institution is not liable to any account holder, garnishor or other financial institution, and may not be assessed any penalty, by reason of any action taken by the financial institution in good faith under ORS 18.784 or 18.785, including:
(1) Delivery or refusal to deliver any funds that are not subject to garnishment under ORS 18.784 to a garnishor;
(2) Providing the notice required by this section to an account holder;
(3) Customary clearing and settlement adjustments made to a debtor's account that affect the balance in the debtor's account; and
(4) Any bona fide errors that occur under ORS 18.784 or 18.785 despite reasonable procedures implemented by the financial institution to prevent those errors.
[2011 c.733 §5]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
