[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: 31CFR541.408]



[Page 232]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 541_ZIMBABWE SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 541.408  Credit extended and cards issued by U.S. financial 

institutions.



    The prohibition in Sec. 541.201 on dealing in property subject to 

that section prohibits U.S. financial institutions from performing under 

any existing credit agreements, including, but not limited to, charge 

cards, debit cards, or other credit facilities issued by a U.S. 

financial institution to a person whose property or interests in 

property are blocked pursuant to Sec. 541.201(a).



[[Page 233]]