[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR363.41]

[Page 488]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 363_REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT--Table 
of Contents
 
Subpart B_General Provisions Governing Securities Held in TreasuryDirect
 
Sec.  363.41  What happens if an ACH payment is returned to Public Debt?

    We will notify you electronically of the returned payment. We will 
hold your payment until you provide us with instructions. Returned 
payments will not earn interest. We reserve the right to redirect a 
returned payment to the bank account at a financial institution that you 
have designated in your TreasuryDirect[supreg] account as your primary 
bank account, if that account is different from the one that returned 
the payment to us. We are not responsible for any fees your financial 
institution may charge relating to returned ACH payments.

[69 FR 50308, Aug. 16, 2004]