7 CFR 1421.404
§ 1421.404 Financial security.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1421.404, § 1421.404 Financial security, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/25704
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Full text
(a) In order to be approved to handle MALs and LDPs, a DMA must:
(1) Have a current net worth ratio of at least 1:1; and
(2) Provide security equal to $100,000 or a greater amount as determined by CCC.
(b) [Reserved]
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.