31 CFR 583.410 - Setoffs prohibited.

Regulations last checked for updates: Feb 16, 2025

Title 31 - Money and Finance: Treasury last revised: Jan 17, 2025

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. 1601-1651,1701; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 116-145, 134 Stat. 651, as amended (22 U.S.C. 6901 note); Pub. L. 117-78, 135 Stat. 1531 (22 U.S.C. 6901 note); E.O. 13818, 82 FR 60839, 3 CFR, 2017 Comp., p. 399

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

cite as: 31 CFR 583.410