[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR560.412]



[Page 299]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 560_IRANIAN TRANSACTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec.  560.412  Extensions of credit or loans to Iran.



    (a) The prohibitions contained in Sec. Sec.  560.204 and 560.207 

apply to but are not limited to the unauthorized renewal or rescheduling 

of credits or loans in existence as of May 6, 1995, such as the 

extension of a standby letter of credit.

    (b) The prohibitions contained in Sec.  560.209 apply, among other 

things, to the unauthorized renewal or rescheduling of credits or loans 

in existence as of March 15, 1995.

    (c) The prohibitions contained in Sec. Sec.  560.204, 560.207 and 

560.209 apply to, among other things, credits or loans in any currency.



[64 FR 20172, Apr. 26, 1999]