(2) A contract between a public or private post-secondary institution of education and a third party financial firm for services described in subsection (1) of this section may not permit:
(a) Revenue sharing;
(b) The third party financial firm to charge a fee for the initial disbursement of the financial aid funds in an academic term to the student in a paper check or in an electronic funds transfer;
(c) The third party financial firm to charge a transaction fee for debit or similar transactions from an account; or
(d) The third party financial firm to charge a fee for inactivity in an account.
(3) A public or private post-secondary institution of education that contracts with a third party financial firm shall, after redacting from the contract information exempted from disclosure under ORS 192.311 to 192.478:
(a) Make the contract available for public inspection; and
(b) Publish the contract on the website operated by or for the public or private post-secondary institution of education. [2015 c.633 §2]
Note: See note under 348.015.