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To Treasury UCC Contract Trust Division  Form

To Treasury UCC Contract Trust Division Form

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Instructions and help about TO Treasury UCC Contract Trust Division

foreign [Music] establishing UCC contract trusts the IRS will use one or both of two types of accounts in processing negotiable debt instruments by way of the domestic financial institutions treasury tax and Loan account sometimes referred to as ttnl account which is administered under the technical support division TSD of the IRS through chief of special procedure handling at a Federal Reserve regional office or through the UCC contract trust account which is processed through the ttnl account and administered by the IRS analysis and control division also under the technical support division of the IRS the process begins when a secured party presents a negotiable debt instrument to the Secretary of the Treasury with a copy of same stamped accepted for Value a banker's acceptance of charging instrument presented for discharge of a debt discharge of negotiable debt instrument this copy of the negotiable debt instrument stamped or diagonally endorsed by hand is a banker's acceptance of d

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