31 CFR 558.409
§ 558.409 Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 558.409, § 558.409 Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/142192
- Permanent ID
ys:prov:142192@1- SHA-256
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Full text
The prohibition in § 558.201 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 § 558.201.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.