1. Regulations
  2. title 31
  3. chapter V
  4. part 549
  5. subpart D
  6. § 549.407

View all text of Subpart D [§ 549.401 - § 549.411]

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

Pursuant to § 549.201, 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; 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: 75 FR 44909, July 30, 2010, unless otherwise noted.

CITE AS: 31 CFR 549.407