12 CFR § 7.1014 - Sale of money orders at nonbanking outlets by a national bank.

---
identifier: "/us/cfr/t12/s7.1014"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 7.1014 - Sale of money orders at nonbanking outlets by a national bank."
title_number: 12
title_name: "Banks and Banking"
section_number: "7.1014"
section_name: "Sale of money orders at nonbanking outlets by a national bank."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "7"
part_name: "ACTIVITIES AND OPERATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1  25b, 29, 71, 71a, 92, 92a, 93, 93a, 95(b)(1), 371, 371d, 481, 484, 1462a, 1463, 1464, 1465, 1818, 1828, 3102(b), and 5412(b)(2)(B)."
regulatory_source: "61 FR 4862, Feb. 9, 1996, unless otherwise noted."
cfr_part: "7"
---


# 7.1014 Sale of money orders at nonbanking outlets by a national bank.

A national bank may designate bonded agents to sell the bank's money orders at nonbanking outlets. The responsibility of both the bank and its agent should be defined in a written agreement setting forth the duties of both parties and providing for remuneration of the agent. The bank's agents need not report on sales and transmit funds from the nonbanking outlets more frequently than at the end of the third business day following receipt of the funds.