[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: 31CFR575.406]



[Page 340]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 575_IRAQI SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 575.406  Extensions of credits or loans to Iraq.



    (a) The prohibition in Sec. 575.210 applies to the unlicensed 

renewal of credits or loans in existence on the effective date, whether 

by affirmative action or operation of law.

    (b) The prohibition in Sec. 575.210 applies to credits to loans 

extended in any currency.