Code of Federal Regulations · Section
§ 560.551 — Student Loan Payments From Persons In Iran Authorized
31 C.F.R. § 560.551
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United States depository institutions and private loan companies are authorized to engage in all transactions necessary to collect, accept, and process student loan payments from persons in Iran or ordinarily resident in Iran.
Authorizing Statute
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Mode of recovery28 U.S.C. § 2461
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General authority of the Secretary31 U.S.C. § 321