Statutes, codes, and regulations
Code of Federal Regulations
Title 31 - MONEY AND FINANCE: TREASURYSubtitle B - REGULATIONS RELATING TO MONEY AND FINANCEChapter II - FISCAL SERVICE, DEPARTMENT OF THE TREASURYSubchapter A - BUREAU OF THE FISCAL SERVICEPart 370 - ELECTRONIC TRANSACTIONS AND FUNDS TRANSFERS RELATING TO UNITED STATES SECURITIES
Subpart C - DEBIT ENTRIES
Section 370.22 - What requirements apply to a financial institution that debits a deposit account?

31 C.F.R. § 370.22

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Current through October 31, 2024
Section 370.22 - What requirements apply to a financial institution that debits a deposit account?

A financial institution that debits a deposit account upon receiving a debit initiated by us agrees to the provisions of this subpart. A financial institution that does so also warrants that it has the authority to receive debit entries.

31 C.F.R. § 370.22