(1) A request for authorization to exceed the limitations of ORS 708A.560 shall contain:
- (a) Details of the proposal;
- (b) The reasons relied on for exceeding the limitations;
- (c) An asset utilization plan which is consistent with the institution’s business plan; and
- (d) Such additional information required by the Director.
- (2) The Director shall also consider the capital adequacy, liquidity, profitability, cash flow and management capabilities in determining whether the proposal is prudent and reasonable.
Statutory/Other Authority
ORS 708A.560
Statutes/Other Implemented
ORS 708A.560
History
FCS 1-1998, f. & cert. ef. 3-31-98, Renumbered from 441-580-0080
BB 4-1978, f. 7-18-78, cert. ef. 7-20-78, Renumbered from 805-024-0160