31 CFR § 370.45 Electronic Transactions and Funds Transfers Relating to United States Securities

§ 370.45 What is the status of a security if the remittance cannot be collected?

Current through Oct 6, 2026 · Read all of Part 370

If we cannot promptly collect all of the remittance for a security, we may in our discretion cancel the security unless it has been legally transferred for value to a third person who had no knowledge of the improper debit entry at the time of the transfer.

← § 370.41 What limitations exist on liability?§ 370.46 Are there any situations in which the Bureau of the Fiscal Service may waive these regulations? →