31 C.F.R. § 355.5 What warranties does a presenting bank make?
Title 31 - Money and Finance: Treasury
(a) A presenting bank makes the warranties required of a sender under Subpart A of Regulation J (12 CFR part 210). This paragraph does not limit any warranty by a presenter or other party arising under State law. (b) We are not barred from recovering on a breach of warranty solely because: (1) Our negligence contributed to a fraudulent endorsement or material alteration; (2) We did not promptly discover an unauthorized signature or alteration; (3) An impostor fraudulently caused the issuance of a fiscal agency check in the name of any existing payee; or (4) Our employee fraudulently caused the issuance of a fiscal agency check in the name of any existing payee.
Title 31: Money and Finance: Treasury
PART 355—REGULATIONS GOVERNING FISCAL AGENCY CHECKS
§ 355.5 What warranties does a presenting bank make?
