31 CFR 210.9 - Parties to the reclamation.

Regulations last checked for updates: May 15, 2024

Title 31 - Money and Finance: Treasury last revised: May 10, 2024

View all text of Subpart B [§ 210.9 - § 210.14]

§ 210.9 - Parties to the reclamation.

(a) Agreement of RDFI. An RDFI's acceptance of a benefit payment pursuant to this part shall constitute its agreement to this subpart. By accepting a benefit payment subject to this part, the RDFI authorizes the debiting of the Federal Reserve Bank account utilized by the RDFI in accordance with the provisions of § 210.10(e).

(b) The Federal Government. In processing reclamations pursuant to this subpart, the Service shall act pursuant to the direction of the agency that certified the benefit payment(s) being reclaimed.

authority: 5 U.S.C. 5525; 12 U.S.C. 391; 31 U.S.C. 321,3301,3302,3321,3332,3335,and

source: 64 FR 17487, Apr. 9, 1999, unless otherwise noted.

cite as: 31 CFR 210.9