# 31 CFR § 321.5: Termination of qualification

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-321.5

## Section

- **Citation:** 31 CFR § 321.5
- **Heading:** Termination of qualification
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY > SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE > PART 321—PAYMENTS BY BANKS AND OTHER FINANCIAL INSTITUTIONS OF DEFINITIVE UNITED STATES SAVINGS BONDS AND UNITED STATES SAVINGS NOTES (FREEDOM SHARES) > Subpart B—Procedures for Qualification

## Text

(a) By the Treasury. The Secretary of the Treasury, or a designee, may authorize a TRS Site to terminate the qualification of any paying agent at any time, following prior written notice of such action to the agent.
(b) At request of paying agent. A TRS Site will terminate the qualification of a paying agent upon its written request, provided the agent renders a final accounting for all redeemed securities and is found to have fully complied with the terms of its agreement and the applicable regulations and instructions.
(c) Reservation. Termination of the qualification as paying agent of any institution shall not prejudice the right of the Treasury to recover the amounts of any erroneous payment(s) made by the institution.
[53 FR 37511, Sept. 26, 1988, as amended at 59 FR 10537, Mar. 4, 1994; 77 FR 16166, Mar. 20, 2012]

## Nearby sections

- [31 CFR § 321.0 § 321.0 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.0.md)
- [31 CFR § 321.1 § 321.1 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.1.md)
- [31 CFR § 321.2 § 321.2 Eligible organizations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.2.md)
- [31 CFR § 321.3 § 321.3 Procedure for qualifying and serving as paying agent.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.3.md)
- [31 CFR § 321.4 § 321.4 Paying agents previously qualified.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.4.md)
- [31 CFR § 321.5 § 321.5 Termination of qualification.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.5.md)
- [31 CFR § 321.6 § 321.6 General.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.6.md)
- [31 CFR § 321.7 § 321.7 Authorized cash payments.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.7.md)
- [31 CFR § 321.8 § 321.8 Redemption-exchange of Series E and EE savings bonds and savings notes.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.8.md)
- [31 CFR § 321.9 § 321.9 Specific limitations on payment authority.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.9.md)
- [31 CFR § 321.10 § 321.10 Responsibilities of paying agents.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.10.md)
- [31 CFR § 321.11 § 321.11 Payment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.11.md)
- [31 CFR § 321.12 § 321.12 Redemption value of securities.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.12.md)
- [31 CFR § 321.13 § 321.13 Cancellation of redeemed securities.](https://www.frixlaw.com/law-library/statutes/ecfr-31-321.13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-321.5. Check the current official text before relying on it. Not legal advice.