7 CFR 1427.6
§ 1427.6 Disbursement of MALs.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1427.6, § 1427.6 Disbursement of MALs, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/25769
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Full text
(a) Individual producers may request loans from:
(1) FSA County Service Centers;
(2) Loan servicing agents; or
(3) An approved cotton clerk who has entered into a written agreement with CCC on a form prescribed by CCC.
(b) Loan proceeds may be disbursed by CCC or a cotton commercial bank.
(c) The loan documents will not be presented for disbursement unless the cotton covered by the mortgage or pledged as security is eligible under § 1427.5. If the cotton was not eligible cotton at the time of disbursement, the total amount disbursed under the loan, and charges plus interest will be refunded promptly.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.