Regulations last checked for updates: May 01, 2025

Title 31 - Money and Finance: Treasury last revised: Apr 15, 2025
All TitlesTitle 31Chapter IIPart 360Subpart B - Subpart B—Registration
View all text of Subpart B [§ 360.5 - § 360.7]
§ 360.7 - Chain letters prohibited.

The issuance of bonds in the furtherance of a chain letter, pyramid, or similar scheme is against the public interest and is prohibited.

authority: 5 U.S.C. 301; 31 U.S.C. 3105 and 3125
source: 63 FR 38049, July 14, 1998, unless otherwise noted.
cite as: 31 CFR 360.7
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