31 CFR 553.409 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.

Regulations last checked for updates: May 17, 2024

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

View all text of Subpart D [§ 553.401 - § 553.411]

§ 553.409 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.

The prohibition in § 553.201 on dealing in property subject to that section prohibits U.S. financial institutions from performing under any existing credit agreements, including charge cards, debit cards, or other credit facilities issued by a financial institution to a person whose property and interests in property are blocked pursuant to § 553.201.

authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,1701; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13667, 79 FR 28387, 3 CFR, 2014 Comp., p. 243

source: 87 FR 58974, Sept. 29, 2022, unless otherwise noted.

cite as: 31 CFR 553.409