31 C.F.R. § 545.414   Loans or extensions of credit.


Title 31 - Money and Finance: Treasury


Title 31: Money and Finance: Treasury
PART 545—TALIBAN (AFGHANISTAN) SANCTIONS REGULATIONS
Subpart D—Interpretations

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§ 545.414   Loans or extensions of credit.

(a) The prohibitions in §§545.201 and 545.204 apply to loans or extensions of credit to a person in the territory of Afghanistan controlled by the Taliban, including overdraft protection on checking accounts, and the unauthorized renewal or rescheduling of credits or loans in existence as of 12:01 a.m., Eastern Daylight Time, July 6, 1999, whether by affirmative action or operation of law.

(b) The prohibitions in §§545.201 and 545.204 apply to financial services including loans or credits extended in any currency.

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