31 C.F.R. § 330.4 Guaranty given to the United States.
Title 31 - Money and Finance: Treasury
By the act of paying or presenting to a designated Federal Reserve Bank, for payment or exchange, a security on which it has affixed the special endorsement, a payment agent shall be deemed to have: (a) Unconditionally guaranteed to the United States the validity of the transaction, including the identification of the owner and the disposition of the proceeds or the new bonds, as the case may be, in accordance with the presenter's instruction; (b) Assumed complete and unconditional liability to the United States for any loss which may be incurred by the United States as a result of the transaction; and (c) Unconditionally agreed to make prompt reimbursement for the amount of any loss, upon request of the Department of the Treasury. [53 FR 37519, Sept. 26, 1988, as amended at 59 FR 10539, Mar. 4, 1994]
Title 31: Money and Finance: Treasury
PART 330—REGULATIONS GOVERNING PAYMENT UNDER SPECIAL ENDORSEMENT OF UNITED STATES SAVINGS BONDS AND UNITED STATES SAVINGS NOTES (FREEDOM SHARES)
§ 330.4 Guaranty given to the United States.
