[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: 31CFR585.406]

[Page 840]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
     PART 585--FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) AND BOSNIAN SERB-CONTROLLED AREAS OF THE REPUBLIC OF BOSNIA AND HERZEGOVINA SANCTIONS 
REGULATIONS--Table of Contents
 
                       Subpart D--Interpretations
 
Sec. 585.406  Extensions of credits or loans.

    (a) The prohibition in Sec. 585.210 applies to the unlicenced 
renewal of credits or loans held in the name of a person whose property 
or interests in property are blocked pursuant to Sec. 585.201 that were 
in existence on the effective date, whether by affirmative action or 
operation of law.
    (b) The prohibition in Sec. 585.210 applies to credits or loans 
extended in any currency.

[58 FR 13201, Mar. 10, 1993, as amended at 60 FR 34146, June 30, 1995]