[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR363.38]

[Page 487]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 363_REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT--Table 
of Contents
 
Subpart B_General Provisions Governing Securities Held in TreasuryDirect
 
Sec.  363.38  What happens if my financial institution returns an ACH 
debit?

    If your designated financial institution returns an ACH debit, we 
reserve the right to reinitiate the debit at our option. We also reserve 
the right to reverse the transaction, thereby removing the security from 
your TreasuryDirect[supreg] account. If the ACH return occurs after the 
security has been redeemed, transferred, or has matured and the proceeds 
paid, we reserve the right to reverse previously processed security 
transactions. We are not responsible for any fees your financial 
institution may charge relating to returned ACH debits.

[70 FR 57443, Sept. 30, 2005]