Code of Federal Regulations · Section

§ 370.22 — What Requirements Apply To A Financial Institution That Debits A Deposit Account?

31 C.F.R. § 370.22

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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.

31 C.F.R. § 370.21 31 C.F.R. § 370.23

Authorizing Statute