Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 22 - Foreign Relations |
Chapter II - Agency for International Development |
Part 201 - Rules and Procedures Applicable to Commodity Transactions Financed by USAID |
Subpart H - Rights and Responsibilities of Banks |
§ 201.70 - Purpose.
Latest version.
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§ 201.70 Purpose.
This subpart sets forth the rights and responsibilities of banks with regard to reimbursement under a letter of commitment opened pursuant to an USAID request. Banks will not be held responsible for the requirements of subparts B, C, D, E (excluding § 201.44(a)(1)), and subpart G except insofar as provisions of these subparts are included in this subpart H or in a letter of commitment issued by USAID to a bank.