31 CFR 351.82 - Does Fiscal Service prohibit the issuance of Series EE savings bonds in a chain letter scheme?

Regulations last checked for updates: Feb 06, 2026

Title 31 - Money and Finance: Treasury last revised: Jan 02, 2026

View all text of Subpart E [§ 351.81 - § 351.87]

§ 351.82 - Does Fiscal Service prohibit the issuance of Series EE savings bonds in a chain letter scheme?

We do not permit bonds to be issued in a chain letter or pyramid scheme. We authorize an issuing agent to refuse to issue a bond or accept a purchase order if there is reason to believe that a purchase is connected with a chain letter. The agent's decision is final.

authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.

source: 68 FR 24796, May 8, 2003, unless otherwise noted.

cite as: 31 CFR 351.82