---
kind: "section"
citation: "31 C.F.R. § 547.409"
title: "31"
number: "547.409"
heading: "Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked."
url: "https://uscodex.org/cfr/31/547.409"
---

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


The prohibition in [§ 547.201](/cfr/31/547.201.md) 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 [§ 547.201(a)](/cfr/31/547.201.md?p=a).


## Notes

### Source

Source: 83 FR 57313, Nov. 15, 2018, unless otherwise noted.

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13413, 71 FR 64105, 3 CFR, 2006 Comp., p. 247; E.O. 13671, 79 FR 39949, 3 CFR, 2015 Comp., p. 280.

### Source

Source: 74 FR 25441, May 28, 2009, unless otherwise noted.