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§229.56. Liability. — Inbound Citations

12 C.F.R. § 229.56

Cited by 2 regulations in release Current.

Citations to 12 U.S.C. § 229.56 as a whole

  • (f) Providing a recredit in accordance with this section shall not absolve the bank from liability for a claim made under any other provision of law, such as a claim for wrongful dishonor of a check under the U.C.C., or from liability for additional damages, such as damages under § 229.53 or § 229.56 of this subpart or U.C.C. 4-402.
  • (d) Providing a recredit to a claimant bank under this section does not absolve the indemnifying bank from liability for claims brought under any other law or from additional damages under § 229.53 or § 229.56.