31 CFR § 549.503 - Exclusion from licenses.

---
identifier: "/us/cfr/t31/s549.503"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 549.503 - Exclusion from licenses."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "549.503"
section_name: "Exclusion from licenses."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "549"
part_name: "LEBANON SANCTIONS REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601  1701  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."
regulatory_source: "75 FR 44909, July 30, 2010, unless otherwise noted."
cfr_part: "549"
---


# 549.503 Exclusion from licenses.

The Office of Foreign Assets Control reserves the right to exclude any person, property, or transaction from the operation of any license or from the privileges conferred by any license. The Office of Foreign Assets Control also reserves the right to restrict the applicability of any license to particular persons, property, transactions, or classes thereof. Such actions are binding upon actual or constructive notice of the exclusions or restrictions.