{"data":{"id":"us/31-cfr-240.18","jurisdiction":"us","citation":"31 CFR 240.18","heading":"Lack of authority to shift liability.","body":"(a) This part neither authorizes nor directs a financial institution to debit the account of any person or to deposit any funds from any account into a suspense account or escrow account or the equivalent. Nothing in this part shall be construed to affect a financial institution's contract with its depositor(s) under authority of state law.\n(b) A financial institution's liability under this part is not affected by any action taken by it to recover from any person the amount of the financial institution's liability to the Treasury.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE","PART 240—INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE UNITED STATES TREASURY"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"82cb5b6a3a8efd9d5358ebdc9e52f3d8547b4a0efa3511c333818b32a9b58ef0","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-240.17","next":"us/31-cfr-240.19"},"notice":"GroundRules: Original legal text. Not legal advice."}