§ 370.22. What requirements apply to a financial institution that debits a deposit account?
39 words·~1 min read·
/us/cfr/t31/s§ 370.22·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A financial institution that debits a deposit account upon receiving a debit initiated by us agrees to the provisions of this subpart. A financial institution that does so also warrants that it has the authority to receive debit entries.