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§ 516.405 Setoffs prohibited.

31 CFR 516.405

Citation31 CFR 516.405
CorpusDaily eCFR
Displayed edition2026-10-15
Last updated2026-10-15

§ 516.405 Setoffs prohibited.

A setoff against blocked property (including a blocked account), whether by a U.S. financial institution or other U.S. person, is a prohibited transfer under § 516.201 if effected after the effective date.