12 CFR 210.8 : Banks And Banking (§ 1.1 To Parts 1816-1899) — (Part 200 To § 219.24) — Federal Reserve System (Part 200 To § 219.24) — Board Of Governors Of The Federal Reserve System (Part 200 To § 219.24) — Collection Of Checks And Other Items By Federal Reserve Banks And Funds Transfers Through Fedwire (Regulation J) (§ 210.1 To Appendix B To Subpart B Of Part 210) — Collection Of Checks And Other Items By Federal Reserve Banks (§ 210.1 To § 210.15) — Presenting noncash items for acceptance.

(a) A Reserve Bank or a subsequent collecting bank may, if instructed by the sender, present a noncash item for acceptance in any manner authorized by law if -

(1) The item provides that it must be presented for acceptance;

(2) The item may be presented elsewhere than at the residence or place of business of the payor; or

(3) The date of payment of the item depends on presentment for acceptance.

(b) Documents accompanying a noncash item shall not be delivered to the payor upon acceptance of the item unless the sender specifically authorizes delivery. A Reserve Bank shall not have or assume any other obligation to present or to send for presentment for acceptance any noncash item.