[Code of Federal Regulations]
[Title 31, Volume 3]
[Revised as of July 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR560.412]

[Page 299]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 560_IRANIAN TRANSACTIONS REGULATIONS--Table of Contents
 
                        Subpart D_Interpretations
 
Sec. 560.412  Extensions of credit or loans to Iran.

    (a) The prohibitions contained in Sec. Sec. 560.204 and 560.207 
apply to but are not limited to the unauthorized renewal or rescheduling 
of credits or loans in existence as of May 6, 1995, such as the 
extension of a standby letter of credit.
    (b) The prohibitions contained in Sec. 560.209 apply, among other 
things, to the unauthorized renewal or rescheduling of credits or loans 
in existence as of March 15, 1995.
    (c) The prohibitions contained in Sec. Sec. 560.204, 560.207 and 
560.209 apply to, among other things, credits or loans in any currency.

[64 FR 20172, Apr. 26, 1999]