§ 7.1014. Sale of money orders at nonbanking outlets by a national bank.
77 words·~1 min read·
/us/cfr/t12/s§ 7.1014·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A national bank may designate bonded agents to sell the bank's money orders at nonbanking outlets. The responsibility of both the bank and its agent should be defined in a written agreement setting forth the duties of both parties and providing for remuneration of the agent. The bank's agents need not report on sales and transmit funds from the nonbanking outlets more frequently than at the end of the third business day following receipt of the funds.
Connections13 cite this
Cited by 13 sections
register
- NoticesNotice and request for comment
- NoticesNotice and request for comment
- NoticesNotice and request for comment
- NoticesNotice and request for comment
- NoticesNotice and request for comment
- NoticesNotice and request for comment
- Rules and RegulationsNotice and request for comment
- NoticesNotice and request for comment
- NoticesNotice; Issuance of Advisory Bulletin
- NoticesNotice and request for comment
- NoticesSubmission for OMB review; comment request
- NoticesInvitation for public comments on a requested administrative waiver of the Coastwise Trade Laws for the vessel OCEAN BELLE
- Presidential DocumentsNotice and request for comment
Citation graph
cites case law
§ 7.1014
Sale of money orders at nonbanking outlets by a national bank.
Fed. Reg.×13
Cites 0Cited by 13 across 1 source