[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: 31CFR550.403]



[Page 280]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 550_LIBYAN SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 550.403  Extensions of credits or loans to Libya.



    (a) The prohibition in Sec. 550.205 applies to the unlicensed 

renewal of credits or loans in existence on the effective date.

    (b) The prohibition in Sec. 550.205 applies to credits or loans 

extended in any currency.