{"data":{"id":"us/31-cfr-342.7","jurisdiction":"us","citation":"31 CFR 342.7","heading":"Payment or redemption.","body":"(a) General. A savings note is redeemable any time one year or more after the issue date upon its presentation and surrender, with a duly executed request for payment, to any Federal Reserve Bank or Branch referred to in § 342.9, the Bureau of the Fiscal Service, or to any financial institution designated as a paying agent of savings bonds.\n(b) Judgment creditors. Payment of a savings note to the purchaser at a sale under a levy, or to the officer authorized to levy upon the property of the owner under appropriate process to satisfy a money judgment, could not be made until one year after the issue date of the note.","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 342—OFFERING OF UNITED STATES SAVINGS NOTES"],"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":"b9a9db64cdad7c9149583a855615408f2da9d8ce28b3d756b0415d0360a2243b","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-342.6","next":"us/31-cfr-342.8"},"notice":"GroundRules: Original legal text. Not legal advice."}