Regulations last checked for updates: May 18, 2024

Title 31 - Money and Finance: Treasury last revised: May 10, 2024
§ 321.15 - Liability for losses.

Under the governing statute, as amended (31 U.S.C. 3126(a)), an agent cannot be relieved of liability for a loss resulting from an erroneous payment unless the Secretary of the Treasury can make a determination that the loss resulted from no fault or negligence on the agent's part.

source: 53 FR 37511, Sept. 26, 1988, unless otherwise noted.
cite as: 31 CFR 321.15