Regulations last checked for updates: May 18, 2024

Title 22 - Foreign Relations last revised: May 13, 2024
§ 201.70 - Purpose.

This subpart sets forth the rights and responsibilities of banks with regard to reimbursement under a letter of commitment opened pursuant to an USAID request. Banks will not be held responsible for the requirements of subparts B, C, D, E (excluding § 201.44(a)(1)), and subpart G except insofar as provisions of these subparts are included in this subpart H or in a letter of commitment issued by USAID to a bank.

authority: 22 U.S.C. 2381.
source: 55 FR 34232, Aug. 22, 1990, unless otherwise noted.
cite as: 22 CFR 201.70