Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.203.9 Scope of the subpart

This subpart prescribes the rules that financial institutions must follow when they process electronic Federal tax payment transactions. A financial institution is not required to be designated as a TT & L depositary in order to process electronic Federal tax payments. In addition, a financial institution does not become a TT & L depositary by processing electronic Federal tax payments under this subpart and may not represent itself as a TT & L depositary because it does so.