31 CFR § 354.9 - Liability of Sallie Mae and Federal Reserve Banks.

---
identifier: "/us/cfr/t31/s354.9"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 354.9 - Liability of Sallie Mae and Federal Reserve Banks."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "354.9"
section_name: "Liability of Sallie Mae and Federal Reserve Banks."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "354"
part_name: "REGULATIONS GOVERNING BOOK-ENTRY SECURITIES OF THE STUDENT LOAN MARKETING ASSOCIATION (SALLIE MAE)"
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. 391; 20 U.S.C. 1087-2(m)."
regulatory_source: "62 FR 622, Jan. 6, 1997, unless otherwise noted."
cfr_part: "354"
---


# 354.9 Liability of Sallie Mae and Federal Reserve Banks.

Sallie Mae and the Federal Reserve Banks may rely on the information provided in a Transfer Message, and are not required to verify the information. Sallie Mae and the Federal Reserve Banks shall not be liable for any action taken in accordance with the information set out in a Transfer Message or evidence submitted in support thereof.