31 CFR 321.15 - Liability for losses.

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§ 321.15 Liability for losses.

Under the governing statute, as amended ( 31 U.S.C. 3126(a)), an agent cannot be relieved of liability for a loss resulting from an erroneous payment unless the Secretary of the Treasury can make a determination that the loss resulted from no fault or negligence on the agent's part.

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United States Code