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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter V - Office of Foreign Assets Control, Department of the Treasury |
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Part 538 - Sudanese Sanctions Regulations |
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Subpart D - Interpretations |
§ 538.414 - Loans or extensions of credit.
Latest version.
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§ 538.414 Loans or extensions of credit.
(a) The prohibition in § 538.205 applies to loans or extensions of credit to a person in Sudan, including overdraft protection on checking accounts, and the unlicensed renewal or rescheduling of credits or loans in existence as of the effective date, whether by affirmative action or operation of law.
(b) The prohibition in § 538.205 applies to financial services including loans or credits extended in any currency.