31 C.F.R. § 100.7 Treasury's liability.
Title 31 - Money and Finance: Treasury
(a) Payment will be made to lawful holders of mutilated currency at full value when: (1) Clearly more than 50% of a note identifiable as United States currency is present; or (2) Fifty percent or less of a note identifiable as United States currency is present and the method of mutilation and supporting evidence demonstrate to the satisfaction of the Treasury that the missing portions have been totally destroyed. (b) No payments will be made when: (1) Fragments and remnants presented are not identifiable as United States currency; or (2) Fragments and remnants presented which represent 50% or less of a note are identifiable as United States currency but the method of destruction and supporting evidence do not satisfy the Treasury that the missing portion has been totally destroyed. (c) All cases will be handled under proper procedures to safeguard the funds and interests of the claimant. In some cases, the amount repaid will be less than the amount claimed. In other cases, the amount repaid may be greater. The amount paid will be determined by an examination made by trained mutilated currency examiners and governed by the above criteria. (d) The Director of the Bureau of Engraving and Printing shall have final authority with respect to settlements for mutilated currency claims. [47 FR 32044, July 23, 1982, as amended at 56 FR 10170, Mar. 11, 1991]
Title 31: Money and Finance: Treasury
PART 100—EXCHANGE OF PAPER CURRENCY AND COIN
Subpart B—Exchange of Mutilated Paper Currency
§ 100.7 Treasury's liability.
