[Code of Federal Regulations]

[Title 31, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR210.9]



[Page 56]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY

 

PART 210_FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE--Table of Contents

 

                Subpart B_Reclamation of Benefit Payments

 

Sec.  210.9  Parties to the reclamation.





    (a) Agreement of RDFI. An RDFI's acceptance of a benefit payment 

pursuant to this part shall constitute its agreement to this subpart. By 

accepting a benefit payment subject to this part, the RDFI authorizes 

the debiting of the Federal Reserve Bank account utilized by the RDFI in 

accordance with the provisions of Sec.  210.10(e).

    (b) The Federal Government. In processing reclamations pursuant to 

this subpart, the Service shall act pursuant to the direction of the 

agency that certified the benefit payment(s) being reclaimed.