What is the primary purpose of SF 5515?

The primary purpose of SF 5515 is to report dishonored checks. This form is specifically designed for use within the federal government to notify the Treasury Department when a check issued by the government is returned due to insufficient funds or other reasons that prevent payment. By documenting these incidents, the form helps maintain accurate financial records and is essential for managing government funds effectively. It serves as a critical tool for both the agency issuing the checks and the responsible financial management within the federal government to address payment issues promptly.