[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR354.9]

[Page 348]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 354--REGULATIONS GOVERNING BOOK-ENTRY SECURITIES OF THE STUDENT LOAN MARKETING ASSOCIATION (SALLIE MAE)--Table of Contents
 
Sec. 354.9  Liability of Sallie Mae and Federal Reserve Banks.

    Sallie Mae and the Federal Reserve Banks may rely on the information 
provided in a Transfer Message, and are not required to verify the 
information. Sallie Mae and the Federal Reserve Banks shall not be 
liable for any action taken in accordance with the information set out 
in a Transfer Message or evidence submitted in support thereof.