31 C.F.R. § 370.45

Current through November 30, 2024

Section 370.45 - What is the status of a security if the remittance cannot be collected?

If we cannot promptly collect all of the remittance for a security, we may in our discretion cancel the security unless it has been legally transferred for value to a third person who had no knowledge of the improper debit entry at the time of the transfer.

31 C.F.R. § 370.45