1. Regulations
  2. title 31
  3. chapter II
  4. part 360
  5. subpart D
  6. § 360.16

View all text of Subpart D [§ 360.15 - § 360.16]

§ 360.16 - Pledge.

A savings bond may not be hypothecated, pledged, or used as security for the performance of an obligation.

AUTHORITY: 5 U.S.C. 301; 31 U.S.C. 3105 and 3125.

SOURCE: 63 FR 38049, July 14, 1998, unless otherwise noted.

CITE AS: 31 CFR 360.16