§ 210.9. Parties to the reclamation.
83 words·~1 min read·
/us/cfr/t31/s§ 210.9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Agreement of RDFI. An RDFI's acceptance of a benefit payment pursuant to this part shall constitute its agreement to this subpart. By accepting a benefit payment subject to this part, the RDFI authorizes the debiting of the Federal Reserve Bank account utilized by the RDFI in accordance with the provisions of § 210.10(e).
(b)The Federal Government. In processing reclamations pursuant to this subpart, the Service shall act pursuant to the direction of the agency that certified the benefit payment(s) being reclaimed.