§ 416.660. Transfer of accumulated benefit payments.
76 words·~1 min read·
/us/cfr/t20/s§ 416.660·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A representative payee who has conserved or invested benefit payments shall transfer these funds and the interest earned from the invested funds to either a successor payee, to the beneficiary, or to us, as we will specify. If the funds and the earned interest are returned to us, we will recertify them to a successor representative payee or to the beneficiary. [47 FR 30475, July 14, 1982, as amended at 75 FR 7552, Feb. 22, 2010]