31 CFR 355.6
§ 355.6 What happens if the presenting bank breaches its warranty?
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 355.6, § 355.6 What happens if the presenting bank breaches its warranty?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140274
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Full text
If the presenting bank breaches its warranty, the payor Reserve Bank may either return the check to the presenting bank or send notice of the breach to the presenting bank. If the presenting bank does not make prompt restitution when it receives the returned check or notice of breach, we may begin appropriate collection procedures.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.