Common Contracts

AGREEMENT AND OPERATING RULES

Program Agreement • June 29th, 2020

• Contract Type
  Program Agreement
• Filed
  June 29th, 2020

The Internal Revenue Service of the U.S. Department of the Treasury (“IRS”) would like to make it easier for Participating DFIs to return tax refund credits in cases of suspected error or fraud. Accordingly, the IRS and Nacha have developed the IRS Refund Return Opt-In Program (the “Program”) whereby Program Participants can submit Return Entries to the IRS under operating rules adopted specifically for the Program (“Program Rules”).