31 CFR 210.12

§ 210.12 RDFI's rights of recovery.

United States · 31 CFR — Money and Finance: Treasury · Status: effective

Cite this

Citation: 31 CFR 210.12, § 210.12 RDFI's rights of recovery, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/139443
Permanent ID: ys:prov:139443@1
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Full text

(a) Matters between the RDFI and its customer. This subpart does not authorize or direct an RDFI to debit or otherwise affect the account of a recipient. Nothing in this subpart shall be construed to affect the right an RDFI has under state law or the RDFI's contract with a recipient to recover any amount from the recipient's account. (b) Liability unaffected. The liability of the RDFI under this subpart is not affected by actions taken by the RDFI to recover any portion of the outstanding total from any party.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.