[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR575.406]

[Page 811]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 575--IRAQI SANCTIONS REGULATIONS--Table of Contents
 
                       Subpart D--Interpretations
 
Sec. 575.406  Extensions of credits or loans to Iraq.

    (a) The prohibition in Sec. 575.210 applies to the unlicensed 
renewal of credits or loans in existence on the effective date, whether 
by affirmative action or operation of law.
    (b) The prohibition in Sec. 575.210 applies to credits to loans 
extended in any currency.