Or. Rev. Stat. § 18.787
Liability of financial institution
Oregon · Oregon Revised Statutes Chapter 18 — Judgments · Status: effective
Cite this
- Citation
- Or. Rev. Stat. § 18.787, Liability of financial institution, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2445807
- Permanent ID
ys:prov:2445807@1- SHA-256
511831e8c13a6290a48398ebeac7dde48187714f672a8de07e3e26f5c105cc77
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
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 18.785, including:
(1) Delivery or refusal to deliver any funds that are not subject to garnishment under ORS 18.785 to a garnishor;
(2) Providing the notice required under ORS 18.785 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 18.785 despite reasonable procedures implemented by the financial institution to prevent those errors.