(a) A representative from an association representing banks in this state;
(b) A representative from an association representing credit unions in this state; and
(c) A representative from the division of the Department of Consumer and Business Services that is charged with financial regulation functions.
(2) Rules adopted under this section must include:
(a) A procedure by which financial institutions and the Department of Revenue are able to compare data as required by ORS 305.084 (2).
(b) Information security standards or protocols designed to prevent, to the maximum extent feasible, unauthorized or unintentional disclosure of data transmitted to and from the department pursuant to the data match system.
(c) A procedure by which financial institutions that lack the technical ability to participate in the data match system required by ORS 305.084 may transmit to the department a list of the names and Social Security numbers or other taxpayer identification numbers of all account holders.
(d) A method for verifying the actual costs to a financial institution of participating in the data match system required under ORS 305.084. [2017 c.644 §7]
Note: See note under 305.081.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.