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Electronic Code of Federal Regulations

e-CFR data is current as of November 19, 2019

Title 31Subtitle BChapter VPart 560Subpart D → §560.412


Title 31: Money and Finance: Treasury
PART 560—IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS
Subpart D—Interpretations


§560.412   Extensions of credit or loans to Iran.

(a) The prohibitions contained in §§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 §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 §§560.204, 560.207 and 560.209 apply to, among other things, credits or loans in any currency.

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