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Notes

§370.26. What limitations exist on liability?

31 C.F.R. § 370.26

If we sustain a loss because a financial institution fails to handle an entry in accordance with this part, the financial institution is liable to us for the loss, but not beyond the amount of the debit entry. In no instance does our liability extend beyond the amount of the debit entry.
Notes, amendments, and revision history

Authority

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

Source

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