31 CFR 370.22 - What requirements apply to a financial institution that debits a deposit account?

U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 28, 2025

View all text of Subpart C [§ 370.20 - § 370.26]

§ 370.22 - What requirements apply to a financial institution that debits a deposit account?

A financial institution that debits a deposit account upon receiving a debit initiated by us agrees to the provisions of this subpart. A financial institution that does so also warrants that it has the authority to receive debit entries.