[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: 31CFR585.406]



[Page 359]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 585_FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) AND 

 

                        Subpart D_Interpretations

 

Sec. 585.406  Extensions of credits or loans.



    (a) The prohibition in Sec. 585.210 applies to the unlicenced 

renewal of credits or loans held in the name of a person whose property 

or interests in property are blocked pursuant to Sec. 585.201 that were 

in existence on the effective date, whether by affirmative action or 

operation of law.

    (b) The prohibition in Sec. 585.210 applies to credits or loans 

extended in any currency.



[58 FR 13201, Mar. 10, 1993, as amended at 60 FR 34146, June 30, 1995]