7 CFR 1902.8
§ 1902.8 Authority to establish and administer supervised bank accounts.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1902.8, § 1902.8 Authority to establish and administer supervised bank accounts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28548
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Full text
Servicing Officials are authorized to establish supervised bank accounts, deposit loan checks and other funds, countersign checks, close accounts, and execute all forms in connection with supervised bank account transactions and redelegate this authority to a person under their supervision who is considered capable of exercising such authority. State Directors will make written demand upon the bank for withdrawals outlined in § 1902.16.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.