1. Regulations
  2. title 31
  3. chapter V
  4. part 546
  5. subpart D
  6. § 546.407

View all text of Subpart D [§ 546.401 - § 546.412]

§ 546.407 - Payments from blocked accounts to satisfy obligations prohibited.

Pursuant to § 546.201, no debits may be made to a blocked account to pay obligations to U.S. persons or other persons, except as authorized by or pursuant to this part.

AUTHORITY: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13067, 62 FR 59989, 3 CFR, 1997 Comp., p. 230; E.O. 13400, 71 FR 25483, 3 CFR, 2006 Comp., p. 220; E.O. 14098, 88 FR 29529.

SOURCE: 74 FR 25432, May 28, 2009, unless otherwise noted.

CITE AS: 31 CFR 546.407