---
kind: "section"
citation: "31 C.F.R. § 321.15"
title: "31"
number: "321.15"
heading: "Liability for losses."
url: "https://uscodex.org/cfr/31/321.15"
---

# §321.15. Liability for losses.


Under the governing statute, as amended ([31 U.S.C. 3126(a)](/usc/31/3126.md?p=a)), an agent cannot be relieved of liability for a loss resulting from an erroneous payment unless the Secretary of the Treasury can make a determination that the loss resulted from no fault or negligence on the agent's part.


## Notes

### Authority

Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 321; 31 U.S.C. 3105, 3126.

### Source

Source: 53 FR 37511, Sept. 26, 1988, unless otherwise noted.