Section 1: Background |
5-3 |
Payments Subject to Reclamation |
5-4
|
Section 2: Liability of a Receiving Depository
Financial Institution (RDFI) |
5-5 |
A. Full Liability |
5-5 |
Conditions for Liability |
5-5 |
B. Limiting Liability |
5-5 |
Conditions for Limiting Liability |
5-5 |
Exceptions to Liability Rule |
5-5 |
C. Calculating the Limited Liability Amount |
5-6 |
45-day Liability Amount |
5-6 |
Calculating the Limited Liability Amount: Example 1 |
5-6 |
Calculating the Limited Liability Amount: Example 2 |
5-7
|
Section 3: Reclamation Procedures |
5-8 |
A. Notification of Death |
5-8 |
Applicable Federal Regulation 31 CFR 210 |
6-2 |
Processing Timeframes |
5-9 |
What to do upon Notification of Death |
5-9 |
Holding Payments |
5-10 |
Repayment by Survivors |
5-10 |
Handling Survivor Requests not to Return Post-death Benefit Payments |
5-10 |
B. Notice of Reclamation |
5-10 |
Notice of Reclamation (FMS-133) |
5-11 |
Sample (FMS-133) |
5-12 |
How to Respond to the Notice of Reclamation |
5-16 |
Steps to Take Under Liability |
5-16 |
Incomplete or Inadequate RDFI Replies |
5-17 |
Time Limits for Federal Reclamations |
5-17 |
Follow-up to the Notice of Reclamation (FMS-2942) |
5-18 |
Sample (FMS-2942 |
5-19 |
Federal Agency Collection from Withdrawers |
5-20 |
Debit of the RDFI’s Account |
5-20 |
How to Identify Debits using the Reclamation Ticket Number |
5-21 |
Transaction Codes for ACH Reclamations |
5-22 |
C. Errors in Death |
5-23 |
If the Person Did Not Die |
5-23 |
Types of Evidence |
5-23 |
Accepting the Proof |
5-23 |
Rejecting the Proof |
5-24 |
Restarting Payments |
5-24 |
If the Date of Death is Wrong |
5-24 |
Day of the Month is Wrong |
5-24 |
Month or Year is Wrong |
5-25 |
Learning of an Error After Completing a Reclamation |
5-26 |
Worksheet for Adjusting the Outstanding Total if the Date of Death is Wrong |
5-26 |
D. Subsequent Reclamations |
5-27 |
What to Do |
5-27 |
Previous Debit |
5-27 |
E. Contacts |
5-28 |