31 CFR 354.9

§ 354.9 Liability of Sallie Mae and Federal Reserve Banks.

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

Cite this

Citation: 31 CFR 354.9, § 354.9 Liability of Sallie Mae and Federal Reserve Banks, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140265
Permanent ID: ys:prov:140265@1
SHA-256: 1198f604cc69bb2e356136410ec0824fdc5ab2671b52b7c494787d8a79faa52b

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Full text

Sallie Mae and the Federal Reserve Banks may rely on the information provided in a Transfer Message, and are not required to verify the information. Sallie Mae and the Federal Reserve Banks shall not be liable for any action taken in accordance with the information set out in a Transfer Message or evidence submitted in support thereof.

Legislative history

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