Regulation J
Subpart A--Collection of Checks and Other Items By Federal Reserve Banks
Sec. 210.14 Extension of time limits.
If a bank (including a Reserve Bank) or nonbank payor is delayed in
acting on an item beyond applicable time limits because of interruption
of communication or computer facilities, suspension of payments by a
bank or nonbank payor, war, emergency conditions, failure of equipment,
or other circumstances beyond its control, its time for acting is
extended for the time necessary to complete the action, if it exercises
such diligence as the circumstances require.
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