Originally Posted by manifesto
I've already explained that you are using "federal regulations" here in a misleading way. The banks were urging each other to comply with a uniform, standard procedure, and at the same time acknowledging that strict compliance was not always being observed. They wanted and urged strict compliance, but they were not holding up transactions that lacked complete stamping.
As to LHO's PMO being "an anomaly or standard," that's a false dilemma. It lacked complete stamping and was still processed.