# 31 C.F.R. § 354.9 (2026): Liability of Sallie Mae and Federal Reserve Banks

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_9

## Section

- **Citation:** 31 C.F.R. § 354.9 (2026)
- **Heading:** Liability of Sallie Mae and Federal Reserve Banks
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 31 CFR: Money and Finance: Treasury / Chapter II: FISCAL SERVICE, DEPARTMENT OF THE TREASURY / Part 354: REGULATIONS GOVERNING BOOK-ENTRY SECURITIES OF THE STUDENT LOAN MARKETING ASSOCIATION (SALLIE MAE) / § 354.9: § 354.9   Liability of Sallie Mae and Federal Reserve Banks.

## Text

Sallie Mae and the Federal Reserve Banks may rely on the information provided in a Transfer Message, and are not required to verify the information. Sallie Mae and the Federal Reserve Banks shall not be liable for any action taken in accordance with the information set out in a Transfer Message or evidence submitted in support thereof.

## Nearby sections

- [31 C.F.R. § 354.0 (2026) § 354.0   Applicability; maintenance of Sallie Mae Securities.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_0.md)
- [31 C.F.R. § 354.1 (2026) § 354.1   Definitions of terms.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_1.md)
- [31 C.F.R. § 354.2 (2026) § 354.2   Law governing rights and obligations of Federal Reserve Banks, and Sallie Mae; rights of any Person against Federal Reserve Banks and Sallie Mae.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_2.md)
- [31 C.F.R. § 354.3 (2026) § 354.3   Law governing other interests.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_3.md)
- [31 C.F.R. § 354.4 (2026) § 354.4   Creation of Participant's Security Entitlement; security interests.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_4.md)
- [31 C.F.R. § 354.5 (2026) § 354.5   Obligations of Sallie Mae; no adverse claims.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_5.md)
- [31 C.F.R. § 354.6 (2026) § 354.6   Authority of Federal Reserve Banks.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_6.md)
- [31 C.F.R. § 354.7 (2026) § 354.7   Withdrawal of eligible Book-entry Sallie Mae Securities for conversion to definitive form.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_7.md)
- [31 C.F.R. § 354.8 (2026) § 354.8   Waiver of regulations.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_8.md)
- [31 C.F.R. § 354.9 (2026) § 354.9   Liability of Sallie Mae and Federal Reserve Banks.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_9.md)
- [31 C.F.R. § 354.10 (2026) § 354.10   Additional provisions.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T31_P354_S354_9. Check the current official text before relying on it. Not legal advice.