---
kind: "section"
citation: "31 C.F.R. § 370.22"
title: "31"
number: "370.22"
heading: "What requirements apply to a financial institution that debits a deposit account?"
url: "https://uscodex.org/cfr/31/370.22"
---

# §370.22. What requirements apply to a financial institution that debits a deposit account?


A financial institution that debits a deposit account upon receiving a debit initiated by us agrees to the provisions of this subpart. A financial institution that does so also warrants that it has the authority to receive debit entries.


## Notes

### Authority

Authority: 12 U.S.C. 391; 31 U.S.C. chapter 31.

### Source

Source: 64 FR 40487, July 26, 1999, unless otherwise noted.