1. Regulations
  2. title 7
  3. chapter VII
  4. part 761
  5. subpart B
  6. § 761.52

View all text of Subpart B [§ 761.51 - § 761.100]

§ 761.52 - Deposits into a supervised bank account.

(a) Checks or money orders may be deposited into a supervised bank account provided they are not payable:

(1) Solely to the Federal Government or any agency thereof; or

(2) To the Treasury of the United States as a joint payee.

(b) Loan proceeds may be deposited electronically.

AUTHORITY: 5 U.S.C. 301 and 7 U.S.C. 1989.

SOURCE: 72 FR 63285, Nov. 8, 2007, unless otherwise noted.

CITE AS: 7 CFR 761.52