---
kind: "section"
citation: "22 C.F.R. § 201.70"
title: "22"
number: "201.70"
heading: "Purpose."
url: "https://uscodex.org/cfr/22/201.70"
---

# §201.70. Purpose.


This subpart sets forth the rights and responsibilities of banks with regard to reimbursement under a letter of commitment opened pursuant to an USAID request. Banks will not be held responsible for the requirements of subparts [B](/cfr/22/subpartB.md), [C](/cfr/22/subpartC.md), D, E (excluding [§ 201.44(a)(1)](/cfr/22/201.44.md?p=a-1)), and [subpart G](/cfr/22/subpartG.md) except insofar as provisions of these subparts are included in this subpart H or in a letter of commitment issued by USAID to a bank.


## Notes

### Authority

Authority: 22 U.S.C. 2381.

### Source

Source: 55 FR 34232, Aug. 22, 1990, unless otherwise noted.