7 CFR 1421.113

§ 1421.113 Recourse MALs.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1421.113, § 1421.113 Recourse MALs, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/25685
Permanent ID: ys:prov:25685@1
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Full text

(a) CCC will make recourse MALs available to eligible producers of high moisture corn, high moisture grain sorghum, commodities that fall within acceptable levels of contamination and remain merchantable, and other eligible loan commodities as determined by the Deputy Administrator, Farm Programs. (b) Repayment is required to be paid in full at principal plus interest on or before the loan maturity date. (c) Recourse MAL collateral may not be delivered or forfeited to CCC in satisfaction of the loan indebtedness.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.