Definitions

# (1)

“Account” means a demand deposit account, checking or negotiable withdrawal order account, savings account, share draft account, time deposit account or money-market mutual fund account.

# (2)

“Data match system” means the system for exchange of information between financial institutions and the Department of Revenue described in ORS 305.084.

# (3)

“Delinquent debtor” means any person for whom a warrant has been issued by the Department of Revenue.

# (4)

“Financial institution” means any of the following doing business in this state:

# (a)

A depository institution, as defined in the Federal Deposit Insurance Act (12 U.S.C. 1813(c)).

# (b)

A federal credit union or state credit union, as defined in the Federal Credit Union Act (12 U.S.C. 1752). [2017 c.644 §1]

Note: 305.081 to 305.094 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 305 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.