31 CFR 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.
Title 31 published on 2015-07-01.
No entries appear in the Federal Register after this date, for 31 CFR Part 240.