20 CFR 726.107
§ 726.107 How negotiable securities are handled.
United States · 20 CFR — Employees' Benefits · Status: effective
Cite this
- Citation
- 20 CFR 726.107, § 726.107 How negotiable securities are handled, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/82306
- Permanent ID
ys:prov:82306@1- SHA-256
5b50a989770cf07177fd75c366860267f9f65bcac1ebf8c5d7da453aefc9c991
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Deposits of securities provided for by the regulations in this part must be made with any Federal Reserve bank or any branch of a Federal Reserve bank designated by OWCP, or the Treasurer of the United States, and must be held in the name of the Department of Labor.
(b) If the self-insurer defaults on its obligations under the Act, OWCP has the power, in its discretion, to:
(1) Collect the interest as it may become due;
(2) Sell any or all of the securities; and
(3) Apply the collected interest or proceeds from the sale of securities to the payment of any benefits for which the self-insurer may be liable.
(c) If a self-insurer with deposits of securities has neither defaulted nor appealed from a determination made by OWCP under § 726.104, OWCP may allow the self-insurer to collect interest on the security deposit.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.