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§ 589.409 Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.

31 CFR 589.409

Citation31 CFR 589.409
CorpusDaily eCFR
Displayed edition2026-04-15
Last updated2026-04-15

§ 589.409 Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.

The prohibition in § 589.201 on dealing in property subject to that section prohibits U.S. financial institutions from performing under any existing credit agreements, including charge cards, debit cards, or other credit facilities issued by a financial institution to a person whose property and interests in property are blocked pursuant to § 589.201.