§ 321.13. Cancellation of redeemed securities.
110 words·~1 min read·
/us/cfr/t31/s§ 321.13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A paying agent shall cancel each redeemed security by imprinting the word "PAID" on its face and entering the amount and date of the actual payment and the agent's name, location, and four-digit code number assigned by a TRS Site or nine-digit ABA code number. The recordation of this data shall constitute a certification by the agent that the security was redeemed in accordance with the provisions of this part, that the presenter's identity and entitlement to request payment were duly established, and that the proceeds were paid to the presenter or remitted to a TRS Site in payment for Series HH savings bonds. \[77 FR 16166, Mar. 20, 2012\]