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10 U.S.C. § 1053 — Financial institution charges incurred because of Government error in direct deposit of pay: reimbursement

submitted 40 years ago by Pub. L. 99-661 to r/title-10-ARMED-FORCES · 217 words · no verdicts yet

in plain englishAI-generated · not legal advice

Certain service members and retirees may be reimbursed for financial-institution charges caused by a Government error in automatic pay deposit. The Secretaries concerned must issue rules.

(a)(1) A service member or former member entitled to chapter-1223 retired pay who legally participates in automatic pay deposit may be reimbursed by the Secretary concerned for a covered late-deposit charge. (2) Such a charge is a financial institution’s charge, including overdraft or minimum/average-balance charges, caused by a Government administrative or mechanical error that deposits pay late or in the wrong manner or amount. (b) Reimbursements come from appropriations for the concerned force’s pay and allowances. (c) The Secretaries concerned must issue implementing regulations, including how reimbursement is made. (d)(1) “Financial institution” means a bank, savings and loan association, similar institution, or U.S.- or State-chartered credit union. (2) “Pay” includes retired pay and allowances.
the actual law source: uscode.house.gov ↗public domain
(a)
(1)

A member of the armed forces (or a former member of the armed forces entitled to retired pay under chapter 1223 of this title) who, in accordance with law or regulation, participates in a program for the automatic deposit of pay to a financial institution may be reimbursed by the Secretary concerned for a covered late-deposit charge.

(2)

A covered late-deposit charge for purposes of paragraph (1) is a charge (including an overdraft charge or a minimum balance or average balance charge) that is levied by a financial institution and that results from an administrative or mechanical error on the part of the Government that causes the pay of the person concerned to be deposited late or in an incorrect manner or amount.

(b)

Reimbursements under this section shall be made from appropriations available for the pay and allowances of members of the armed force concerned.

(c)

The Secretaries concerned shall prescribe regulations to carry out this section, including regulations for the manner in which reimbursement under this section is to be made.

(d)

In this section:

(1)

The term “financial institution” means a bank, savings and loan association, or similar institution or a credit union chartered by the United States or a State.

(2)

The term “pay” includes (A) retired pay, and (B) allowances.

Source credit: (Added Pub. L. 99–661, div. A, title VI, § 662(a)(1), Nov. 14, 1986, 100 Stat. 3893; amended Pub. L. 101–189, div. A, title VI, § 664(a)(1)–(3)(A), Nov. 29, 1989, 103 Stat. 1466; Pub. L. 102–25, title VII, § 701(e)(8)(A), Apr. 6, 1991, 105 Stat. 115; Pub. L. 104–106, div. A, title XV, § 1501(c)(8), Feb. 10, 1996, 110 Stat. 499; Pub. L. 105–261, div. A, title V, § 564(a), Oct. 17, 1998, 112 Stat. 2029; Pub. L. 106–398, § 1 [[div. A], title V, § 579(c)(2)], Oct. 30, 2000, 114 Stat. 1654, 1654A–141.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 99-661 · 100 Stat. 3893
  • 1989Amended · Pub. L. 101-189 · 103 Stat. 1466
  • 1991Amended · Pub. L. 102-25 · 105 Stat. 115
  • 1996Amended · Pub. L. 104-106 · 110 Stat. 499
  • 1998Amended · Pub. L. 105-261 · 112 Stat. 2029
  • 2000Amended · Pub. L. 106-398 · 114 Stat. 1654, 1654

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-661 on 1986-11-14.

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