§ 1155.300

Cal. Code Regs. tit. 2, § 1155.300

Banking Costs.

Effective Apr 25, 1998Register 98, No. 13Authority cited: Sections 1532(a) and 1580, Code of Civil Procedure. Reference: Section 1532(f), Code of Civil Procedure.State of California

(a) Banking costs incurred for an ACH credit shall be paid by the holder originating the credit.
(b) Banking costs incurred for remitting by Fedwire or International Funds Transfer are the responsibility of the holder.

Note: Authority cited: Sections 1532(a) and 1580, Code of Civil Procedure. Reference: Section 1532(f), Code of Civil Procedure.

History

1. New section filed 3-26-98; operative 4-25-98 (Register 98, No. 13).