Bill > HB3370

This bill makes several technical amendments to Oregon state laws related to financial institutions, focusing primarily on procedures for handling deceased depositors' accounts and credit union governance. The bill modifies existing statutes to adjust the timeframe for when state agencies like the Department of Human Services or Oregon Health Authority can claim deposits of deceased individuals, changing the upper limit from 76 to 75 days after death. It also updates provisions for credit unions, allowing their boards of directors to delegate the process of considering an expelled member's reinstatement request to credit union officers or employees. Additionally, the bill introduces a new requirement that the supervisory committee of a credit union cannot include the board chair, though other directors may serve on the committee unless the credit union's bylaws specify otherwise. These changes aim to streamline administrative processes for financial institutions and provide more flexibility in governance while maintaining important protections for depositors and members.

Business and Industry

Commerce and Consumer Protection (H)

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3370