31 CFR § 584.408 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.

---
identifier: "/us/cfr/t31/s584.408"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 584.408 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "584.408"
section_name: "Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "584"
part_name: "MAGNITSKY ACT 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); Pub. L. 112-208, Title IV, 126 Stat. 1502 (22 U.S.C. 5811 note)."
regulatory_source: "82 FR 60508, Dec. 21, 2017, unless otherwise noted."
cfr_part: "584"
---


# 584.408 Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.

The prohibition in § 584.201 on dealing in property subject to that section prohibits U.S. financial institutions from performing under any existing credit agreements, including charge cards, debit cards, or other credit facilities issued by a financial institution to a person whose property and interests in property are blocked pursuant to § 584.201(a).