1. Regulations
  2. title 31
  3. chapter V
  4. part 583
  5. subpart D
  6. § 583.410

View all text of Subpart D [§ 583.401 - § 583.412]

§ 583.410 - Setoffs prohibited.

A setoff against blocked property (including a blocked account), whether by a U.S. financial institution or other U.S. person, is a prohibited transfer under § 583.201 if effected after the effective date.

AUTHORITY: 3 U.S.C. 301; 22 U.S.C. 10101-10103; 31 U.S.C. 321(b); 50 U.S.C. 1601

SOURCE: 89 FR 17731, Mar. 12, 2024, unless otherwise noted.

CITE AS: 31 CFR 583.410