31 CFR 549.407 - Payments from blocked accounts to satisfy obligations prohibited.

Regulations last checked for updates: May 18, 2024

Title 31 - Money and Finance: Treasury last revised: May 10, 2024

View all text of Subpart D [§ 549.401 - § 549.411]

§ 549.407 - Payments from blocked accounts to satisfy obligations prohibited.

Pursuant to § 549.201, no debits may be made to a blocked account to pay obligations to U.S. persons or other persons, except as authorized by or pursuant to this part.

authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,1701; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13441, 72 FR 43499, 3 CFR, 2008 Comp., p. 232

source: 75 FR 44909, July 30, 2010, unless otherwise noted.

cite as: 31 CFR 549.407