Page:United States Statutes at Large Volume 74.djvu/721

 74

STAT.]

PUBLIC LAW 86-682-SEPT. 2, 1960

§ 5101. Money order system To promote public convenience, and insure greater security in remitting funds through the mail, the Postmaster General may maintain a money order system. § 5102. Issuance of money orders (a) The Postmaster General shall cause money orders to be issued at such post offices, including stations and branches, as he designates. (b) The Postmaster General may not permit a money order to be issued under this chapter for more than $100. (c) A money order is not valid unless drawn upon a form furnished by the Postmaster General. (d) The Postmaster General may not permit money orders to be issued on the condition that identification of the payee, indorsee, or attorney may be waived, nor permit payment to be made of a money order so issued. § 5103. Payment of money orders (a) The Postmaster General shall provide for the payment of money orders to the payee, indorsee, or remitter at offices at which money orders are issued. (b) When a money order has been lost the Postmaster General, upon evidence satisfactory to him, may pay the face value thereof or issue a duplicate money order, without charge, to the person he determines is entitled thereto. (c) The records of the Department shall serve as the basis for adjudicating claims for payment of money orders. (d) The Postmaster General may not pay a money order after twenty years from the last day of the month of original issue. Claims for unpaid money orders are forever barred unless received by the Department within that period. § 5104. Indorsement of orders The payee of a money order, by his written indorsement thereon, may direct it to be paid to any other person who shall be entitled to payment upon furnishing such proof as the Postmaster General requires that the indorsement is genuine, and that he is the person named therein. More than one indorsement renders an order invalid. The holder of such an order, if otherwise entitled thereto, may obtain payment under such application and proof of the genuineness of the indorsements as the Postmaster General requires. § 5105. Postal notes (a) The Postmaster General may authorize postmasters at offices designated by him to issue and pay money orders not exceeding $10, to be known as postal notes. (b) Postal notes are valid for two calendar months from the last day of the month of their issue, but thereafter the Postmaster General may pay them or make refund in case of loss, upon evidence satisfactory to him. The Postmaster General may not consider a claim filwi later than one year from the last day of the month of issue of the postal note unless the original postal note is presented with the claim and a duplicate postal note has not been issued therefor.

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