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CFR › Title 31 › Subtitle B › Chapter II › Subchapter A › Part 240 › Section 240.18

31 CFR 240.18 - Lack of authority to shift liability.

§ 240.18
Lack of authority to shift liability.
(a) This part neither authorizes nor directs a financial institution to debit the account of any person or to deposit any funds from any account into a suspense account or escrow account or the equivalent. Nothing in this part shall be construed to affect a financial institution's contract with its depositor(s) under authority of state law.
(b) A financial institution's liability under this part is not affected by any action taken by it to recover from any person the amount of the financial institution's liability to the Treasury.

Title 31 published on 2012-07-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 12 - BANKS AND BANKING

§ 391 - Federal reserve banks as Government depositaries and fiscal agents

USC : Title 31 - MONEY AND FINANCE

§ 3327 - General authority to issue checks and other drafts

§ 3328 - Paying checks and drafts

§ 3331 - Substitute checks

§ 3334 - Cancellation and proceeds distribution of Treasury checks

§ 3343 - Check forgery insurance fund

§ 3711 - Collection and compromise

§ 3712 - Time limitations for presenting certain claims of the Government

§ 3716 - Administrative offset

§ 3717 - Interest and penalty on claims