Code · CFR · Title 31 — Money and Finance: Treasury · Part 321 · § 321.15

§ 321.15. Liability for losses.

47 words·~1 min read·/us/cfr/t31/s§ 321.15·

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Under the governing statute, as amended (31 U.S.C. 3126(a)), an agent cannot be relieved of liability for a loss resulting from an erroneous payment unless the Secretary of the Treasury can make a determination that the loss resulted from no fault or negligence on the agent's part.

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U.S. Code

Losses and relief from liability related to redeeming savings bonds and notes
§ 3126

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§ 321.15

Liability for losses.

U.S.C.§ 3126

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