31 CFR 370.5 - How can I appoint a financial institution to receive payments on my behalf?

Regulations last checked for updates: Feb 16, 2025

Title 31 - Money and Finance: Treasury last revised: Jan 17, 2025

View all text of Subpart B [§ 370.5 - § 370.15]

§ 370.5 - How can I appoint a financial institution to receive payments on my behalf?

You must name a financial institution to receive payments through credit entries using the ACH method. You also must identify the deposit account to which payments are to be made. To do this, you must use a form approved by us.

authority: 12 U.S.C. 391; 31 U.S.C. chapter 31

source: 64 FR 40487, July 26, 1999, unless otherwise noted.

cite as: 31 CFR 370.5