31 C.F.R. · Money and Finance: Treasury
31 C.F.R. § 248.5

Exception to requirement of undertaking of indemnity Form 2244.

Title 31 C.F.R. ● ACTIVE Primary Source
Regulatory Text

31 C.F.R. § 248.5 — Exception to requirement of undertaking of indemnity Form 2244.

§ 248.5 Exception to requirement of undertaking of indemnity Form 2244. Notwithstanding the provisions of § 248.4, if in any case involving a financially responsible claimant it is impracticable to obtain the execution of Standard Form 2244, with or without sureties, the officer or employee responsible for handling the claim, in his discretion, may accept an undertaking of indemnity in the form of a written statement or letter, substantially as follows: In consideration of the issuance of a substitute check in lieu of (Check description) and the payment of the substitute check, the undersigned undertakes and agrees to save harmless and indemnify the United States of America, its officers and agents, of and from any and all liability, loss, expense, claim, and demand whatsoever, arising in any manner by reason of or on account of said original check (or checks) or the stoppage or payment thereof, or the issue or payment of the substitute check (or checks), to replace the same. The undertaking of indemnity should be appropriately witnessed, and if it is executed on behalf of a corporation or other business organization, the individual executing the same should furnish proof of this authority to so act. In appropriate cases, a foreign language translation of the foregoing letter of indemnity may be accepted. [25 FR 10869, Nov. 16, 1960. Redesignated at 39 FR 20969, June 17, 1974, as amended at 54 FR 35648, Aug. 29, 1989]

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31 C.F.R. § 248.5
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The regulatory text of 31 C.F.R. § 248.5 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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