31 C.F.R. § 321.15

Current through March 31, 2024
Section 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.

31 C.F.R. § 321.15