---
kind: "section"
citation: "31 C.F.R. § 549.409"
title: "31"
number: "549.409"
heading: "Credit extended and cards issued by U.S. financial institutions."
url: "https://uscodex.org/cfr/31/549.409"
---

# §549.409. Credit extended and cards issued by U.S. financial institutions.


The prohibition in [§ 549.201](/cfr/31/549.201.md) on dealing in property subject to that section prohibits U.S. financial institutions from performing under any existing credit agreements, including, but not limited to, charge cards, debit cards, or other credit facilities issued by a U.S. financial institution to a person whose property and interests in property are blocked pursuant to [§ 549.201(a)](/cfr/31/549.201.md?p=a).


## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13441, 72 FR 43499, 3 CFR, 2008 Comp., p. 232.

### Source

Source: 75 FR 44909, July 30, 2010, unless otherwise noted.