---
kind: "section"
citation: "20 C.F.R. § 726.107"
title: "20"
number: "726.107"
heading: "How negotiable securities are handled."
url: "https://uscodex.org/cfr/20/726.107"
---

# §726.107. How negotiable securities are handled.

- (a) Deposits of securities provided for by the regulations in this part must be made with any Federal Reserve bank or any branch of a Federal Reserve bank designated by OWCP, or the Treasurer of the United States, and must be held in the name of the Department of Labor.
- (b) If the self-insurer defaults on its obligations under the Act, OWCP has the power, in its discretion, to:
  - (1) Collect the interest as it may become due;
  - (2) Sell any or all of the securities; and
  - (3) Apply the collected interest or proceeds from the sale of securities to the payment of any benefits for which the self-insurer may be liable.
- (c) If a self-insurer with deposits of securities has neither defaulted nor appealed from a determination made by OWCP under [§ 726.104](/cfr/20/726.104.md), OWCP may allow the self-insurer to collect interest on the security deposit.

## Notes

### Source

Source: 89 FR 100318, Dec. 12, 2024, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301; 30 U.S.C. 901 et seq., 902(f), 925, 932, 933, 934, 936; 33 U.S.C. 901 et seq.; 28 U.S.C. 2461 note (Federal Civil Penalties Inflation Adjustment Act of 1990 (as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015)); Pub. L. 114-74 at sec. 701; Reorganization Plan No. 6 of 1950, 15 FR 3174; Secretary's Order 10-2009, 74 FR 58834.

### Source

Source: 65 FR 80097, Dec. 20, 2000, unless otherwise noted.