1. LawStack
  2. Title 31 - Money and Finance: Treasury
  3. Subtitle B - Regulations Relating to Money and Finance
  4. Chapter II - Fiscal Service, Department of the Treasury
  5. Subchapter A - Bureau of the Fiscal Service
  6. Part 370 - Electronic Transactions and Funds Transfers Relating to United States Securities
  7. Subpart C - Debit Entries
  8. 31 CFR § 370.22
31 CFR § 370.22
What requirements apply to a financial institution that debits a deposit account?
July 31, 2023
CFR
Editorial Note on Subchapter A of Chapter II

Editorial Note:

Nomenclature changes to subchapter A appear at 78 FR 60697, Oct. 2, 2013.

§ 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.

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§ 370.21 Are there any requirements related to a prenotification entry?
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§ 370.23 What other requirements apply to a financial institution?

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