31 CFR § 551.409

31 CFR · Money and Finance: Treasury

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

31 CFR § 551.409

TitleTitle 31: Money and Finance: Treasury PartPart 551: Somalia Sanctions Regulations

SourceeCFR (current through Mar 30, 2026)

This text of 31 C.F.R. § 551.409 (Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

31 C.F.R. § 551.409 (2026).

Text

§ 551.409 Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.
The prohibition in § 551.201 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 § 551.201.

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

The prohibition in § 551.201 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 § 551.201.