---
kind: "section"
citation: "31 C.F.R. § 558.409"
title: "31"
number: "558.409"
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/31/558.409"
---

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


The prohibition in [§ 558.201](/cfr/31/558.201.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 [§ 558.201](/cfr/31/558.201.md).


## 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. 13664, 79 FR 19283, 3 CFR, 2014 Comp., p. 238.

### Source

Source: 88 FR 31612, May 18, 2023, unless otherwise noted.