[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: 31CFR541.505]



[Page 233-234]

 

                  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 E_Licenses, Authorizations and Statements of Licensing Policy

 

Sec. 541.505  Entries in certain accounts for normal service charges 

authorized.



    (a) A U.S. financial institution is authorized to debit any blocked 

account held at that financial institution in payment or reimbursement 

for normal service charges owed it by the owner of that blocked account.

    (b) As used in this section, the term normal service charge shall 

include charges in payment or reimbursement



[[Page 234]]



for interest due; cable, telegraph, internet, or telephone charges; 

postage costs; custody fees; small adjustment charges to correct 

bookkeeping errors; and, but not by way of limitation, minimum balance 

charges, notary and protest fees, and charges for reference books, 

photocopies, credit reports, transcripts of statements, registered mail, 

insurance, stationery and supplies, and other similar items.