Introduction: This section cites the laws and regulations governing the check reclamation process. Title 31 31 U.S.C. 3712 Establishes Fiscal Service's right to demand a refund from a presenting bank when, after the check is paid, forgery is established or the payee's entitlement stopped with his/her death. Establishes Treasury Check Offset. 31 U.S.C. 3701-3720E Establishes the government's right to collect debts using various collection tools, including offset. Establishes the rates at which a federal entity must assess interest, penalties, and administrative fees on delinquent debts. 31 CFR 240 Establishes the process by which Fiscal Service will directly debit a presenting bank's federal reserve master account for the full amount of the reclamation if not paid or protested by the 30th calendar day from the reclamation date. Establishes the process by which Fiscal Service will add interest, penalties and administrative fees to delinquent reclamation debts, if applicable. Establishes the process by which Fiscal Service will refer reclamation debts for collection by offset. Establishes that Fiscal Service will take such action as may be necessary to collect delinquent reclamation debts. Title 4 Limited Payability The Competitive Equality Banking Act of 1987 (Public Law 100-86), referred to as Limited Payability, significantly reduced the time period for… Negotiating U.S. Treasury checks to one year from the check issue date. Filing non-receipt claims to one year from the check issue date. Initiating a reclamation action against the presenting bank to one and a half years from the date the check is paid. Exception: In cases of deceased payees, reclamation action must begin within one year from the date the check is paid. Last modified 07/16/21