[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR538.414]



[Page 192]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 538_SUDANESE SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 538.414  Loans or extensions of credit.



    (a) The prohibition in Sec. 538.205 applies to loans or extensions 

of credit to a person in Sudan, including overdraft protection on 

checking accounts, and the unlicensed renewal or rescheduling of credits 

or loans in existence as of the effective date, whether by affirmative 

action or operation of law.

    (b) The prohibition in Sec. 538.205 applies to financial services 

including loans or credits extended in any currency.