7 CFR 761.52 - Deposits into a supervised bank account.

Regulations last checked for updates: May 14, 2024

Title 7 - Agriculture last revised: Nov 16, 2024

§ 761.52 - Deposits into a supervised bank account.

(a) Checks or money orders may be deposited into a supervised bank account provided they are not payable:

(1) Solely to the Federal Government or any agency thereof; or

(2) To the Treasury of the United States as a joint payee.

(b) Loan proceeds may be deposited electronically.

authority: 5 U.S.C. 301 and 7 U.S.C. 1989.

source: 72 FR 63285, Nov. 8, 2007, unless otherwise noted.

cite as: 7 CFR 761.52