Code of Federal Regulations · Section

§ 570.409 — Credit Extended And Cards Issued By Financial Institutions To A Person Whose Property And Interests In Property Are Blocked

31 C.F.R. § 570.409

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The prohibition in § 570.201 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 § 570.201.

31 C.F.R. § 570.408 31 C.F.R. § 570.410

Authorizing Statute

General authority of the Secretary
31 U.S.C. § 321
Mode of recovery
28 U.S.C. § 2461
Termination of existing declared emergencies
50 U.S.C. § 1601
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
Economic and communication sanctions pursuant to United Nations Security Council Resolution
22 U.S.C. § 287c