7 CFR 1421.417

§ 1421.417 Disbursing MAL and LDP proceeds.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1421.417, § 1421.417 Disbursing MAL and LDP proceeds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/25717
Permanent ID: ys:prov:25717@1
SHA-256: 3885da8f16046c8824e623f61195ff036baa0082699ec08a9906bb19a75fa32a

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) A DMA may request that CCC establish a drawdown account from which to disburse MAL and LDP amounts to producers and designate the financial institution they wish to use. (b) CCC will determine whether a drawdown account is justified and the amount of the account. (c) If there is no drawdown account, MAL and LDP proceeds are to be distributed to the producer within 3 work days from the date the DMA receives MAL or LDP proceeds from CCC, after deduction of authorized charges or fees for services. If there is a drawdown account, the MAL and LDP proceeds are to be distributed to the producer within 3 days of the completion of the application. (d) The DMA is to assess charges and fees at the same rate for each producer that it serves. (e) If a drawdown account is used, CCC will replenish the amount as necessary as it is drawn down. (f) The DMA must notify CCC of the actual date on which the MAL is disbursed.

Legislative history

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