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12 CFR 1075.109

§ 1075.109 When payments to victims are impracticable.

United States · 12 CFR — Banks and Banking · Status: effective

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12 CFR 1075.109, § 1075.109 When payments to victims are impracticable, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49897
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(a) Individual payments. Making a payment to an individual victim will be deemed impracticable if: (1) The payment to the victim would be of such a small amount that the victim would not be likely to redeem the payment; (2) The payment to the victim is too small to justify the cost of locating the victim and making the payment; (3) The victim cannot be located with effort that is reasonable in light of the amount of the payment; (4) The victim does not timely submit information that a distribution plan requires to be submitted before a payment will be made; (5) The victim does not redeem the payment within a reasonable time; or (6) The Fund Administrator determines that other circumstances make it unreasonable to make a payment to the victim. (b) Payments to a class of victims. Making payments to a class of victims will be deemed impracticable if: (1) The expected aggregate actual payment to the class of victims is too small to justify the costs of locating the victims in the class and making payments to them; (2) It would be impracticable under paragraph (a) of this section to make a payment to any victim in the class; or (3) The Fund Administrator determines that other circumstances make it unreasonable to make payments to the class.

Legislative history

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