§229.55. Expedited recredit for banks. — Inbound Citations
12 C.F.R. § 229.55
Statutory Authority
Cited by 3 regulations in release Current.
Citations to 12 U.S.C. § 229.55 as a whole
-
(qq) Claimant bank means a bank that submits a claim for a recredit for a substitute check to an indemnifying bank under § 229.55.
-
(2) The amount of damages a person receives under paragraph (a)(1) of this section shall be reduced by any amount that the person receives and retains as a recredit under § 229.54 or § 229.55.
-
Any provision of § 229.55 may be varied by agreement of the banks involved. No other provision of this subpart may be varied by agreement by any person or persons.