[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: 31CFR545.414]



[Page 262]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 545_TALIBAN (AFGHANISTAN) SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 545.414  Loans or extensions of credit.



    (a) The prohibitions in Sec. Sec. 545.201 and 545.204 apply to 

loans or extensions of credit to a person in the territory of 

Afghanistan controlled by the Taliban, including overdraft protection on 

checking accounts, and the unauthorized renewal or rescheduling of 

credits or loans in existence as of 12:01 a.m., Eastern Daylight Time, 

July 6, 1999, whether by affirmative action or operation of law.

    (b) The prohibitions in Sec. Sec. 545.201 and 545.204 apply to 

financial services including loans or credits extended in any currency.