{"data":{"id":"us/31-cfr-321.15","jurisdiction":"us","citation":"31 CFR 321.15","heading":"Liability for losses.","body":"Under the governing statute, as amended (31 U.S.C. 3126(a)), an agent cannot be relieved of liability for a loss resulting from an erroneous payment unless the Secretary of the Treasury can make a determination that the loss resulted from no fault or negligence on the agent's part.","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 321—PAYMENTS BY BANKS AND OTHER FINANCIAL INSTITUTIONS OF DEFINITIVE UNITED STATES SAVINGS BONDS AND UNITED STATES SAVINGS NOTES (FREEDOM SHARES)","Subpart E—Losses Resulting From Erroneous Payments"],"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":"c1698b2d835ed3e3774c55c7a499aa1ef20862b3852c03c5e315a42eaa2971d2","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-321.14","next":"us/31-cfr-321.16"},"notice":"GroundRules: Original legal text. Not legal advice."}