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DHS/USICE | RIN: 1653-AA20 | Publication ID: Fall 2008 |
Title: Technical Amendments Relating to Immigration Surety Bonds | |
Abstract: When DHS receives a cash bond, it is deposited into an account where interest is accumulated from the date the bond is posted, to the date that the bond is paid out. If a cancelled cash bond is unclaimed after a year, the principal and any accumulated interest are transferred to the U.S. Department of the Treasury, account entitled Payments of Unclaimed Moneys of Individuals Whose Whereabouts are Unknown. This regulation concerns the computation of interest on cash bonds. It does not mention the Treasury Department requirement concerning the disposition of funds from unclaimed cash bonds. Since some cash bonds obligors have questioned the curtailment of interest a year after the bond is cancelled, we believe that this regulation should include language that clarifies the Departments requirement to comply with Treasurys regulation. | |
Agency: Department of Homeland Security(DHS) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Long-Term Actions |
Major: No | Unfunded Mandates: No |
CFR Citation: 8 CFR 293 | |
Legal Authority: 8 USC 1103 31 USC 1322 31 USC 9308 |
Legal Deadline:
None |
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Timetable:
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Additional Information: INS No. 2258-03 Transferred from RIN 1115-AG97 | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Lori Genest Burlington Finance Center Department of Homeland Security U.S. Immigration and Customs Enforcement P.O. Box 5000, Williston, VT 05495 Phone:802 288-7600 Email: lori.genest@dhs.gov |