31 CFR 536.404 - Setoffs prohibited.

Regulations last checked for updates: May 01, 2025

Title 31 - Money and Finance: Treasury last revised: Apr 15, 2025

View all text of Subpart D [§ 536.401 - § 536.410]

§ 536.404 - Setoffs prohibited.

A setoff against blocked property (including a blocked account), whether by a U.S. bank or other U.S. person, is a prohibited transfer under § 536.201 if effected after the effective date.

authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601

source: 62 FR 9960, Mar. 5, 1997, unless otherwise noted.

cite as: 31 CFR 536.404