31 C.F.R. § 542.409

Current through September 30, 2024

Section 542.409 - Credit extended and cards issued by financial institutions

The prohibitions in §§ 542.201 and 542.212 on dealing in property subject to those sections and the prohibition in § 542.207 on exporting services to Syria prohibit 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 § 542.201 or a person determined to be subject to the prohibitions of § 542.212.

31 C.F.R. §542.409

79 FR 25416, May 2, 2014, as amended at 89 FR 48319, June 6, 2024

As amended at 89 FR 48319, 6/6/2024