Title 12, Banks and BankingRelease 119-102
§5008 Delays in an Emergency
Title 12 › CHAPTER 50 — CHECK TRUNCATION › § 5008
Summary
A bank is excused for delays caused by events beyond its control (like outages or war) if it acts with the care the situation requires.
Full Legal Text
Title 12, §5008
Banks and Banking, Source: USLM XML via OLRC
A delay by a bank beyond the time limits prescribed or permitted by this chapter shall be excused if the delay is caused by interruption of communication or computer facilities, suspension of payments by another bank, war, emergency conditions, failure of equipment, or other circumstances beyond the control of a bank and if the bank uses such diligence as the circumstances require.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This chapter, referred to in text, was in the original “this Act”, meaning Pub. L. 108–100, Oct. 28, 2003, 117 Stat. 1177, which is classified generally to this chapter. For complete classification of this Act to the Code, see
Short Title
note set out under section 5001 of this title and Tables.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective at the end of the 12-month period beginning on Oct. 28, 2003, see section 20 of Pub. L. 108–100, set out as a note under section 5001 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5008
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102