§81.98. Liability of GSEs and Federal Reserve Banks.
24 C.F.R. § 81.98
A GSE and the Federal Reserve Banks may rely on the information provided in a Transfer Message, and are not required to verify the information. A GSE and the Federal Reserve Banks shall not be liable for any action taken in accordance with the information set out in a Transfer Message, or evidence submitted in support thereof.
Notes, amendments, and revision history
Source
Source: 61 FR 63948, Dec. 2, 1996, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1451 et seq., 1716-1723h, and 4501-4641; 28 U.S.C. 2461 note; 42 U.S.C. 3535(d) and 3601-3619.
Source
Source: 60 FR 61888, Dec. 1, 1995, unless otherwise noted.