Reclamations

Overview

Section 1 defines reclamation and provides some background information on the subject.

Section 2 covers an RDFI's liability in the reclamation process. Topics include full and limited liability, calculating the limited liability amount, and exceptions to the liability rule.

Section 3 gives RDFIs guidance on processing reclamations and provides an updated contact list for individuals needing additional information/assistance with reclamations.

(available in PDF format only)

Chapter 5: Reclamations

Contents - Chapter 5

• Section 1: Background 5-3
• Section 2: Liability of a Receiving Depository Financial Institution (RDFI) 5-4
  • A. Full Liability 5-4
  • B. Limiting Liability 5-4
  • C. Calculating the Limited Liability Amount 5-4
• Section 3: Reclamation Procedures 5-6
  • A. Notification of Death 5-6
  • B. Notice of Reclamation 5-8
  • C. Errors in Death 5-17
  • D. Subsequent Notice of Reclamations 5-20
  • E. Contacts 5-28