Okla. Stat. tit. 2, § 2-18-310: Pledge or mortgage of wheat - Deduction of fee

A. In the case of a pledge or mortgage of wheat as security for

a loan under the federal price support program, the promotional fee

levied pursuant to the provisions of the Oklahoma Wheat Resources

Act shall be deducted from the proceeds of such loans at the time

the loans are made, or shall be deducted thereafter by agencies of

the federal government. Any producer’s note and loan agreement or

producer’s note and supplemental loan agreement or delivery

instructions issued by the federal agency to the producer are hereby

approved as fulfilling the requirements for invoices, and such forms

shall be deemed to constitute proof of payment of the promotional

fee on the wheat listed thereon.

B. Supplemental or alternate forms which may be proposed by the

Commodity Credit Corporation and contained the necessary information

may be used without revision of the Oklahoma Wheat Resources Act.

C. The Commodity Credit Corporation's use of identification

numbers in lieu of the name of the producer from whom the fee was

collected is hereby approved, provided that authorized officials of

the State of Oklahoma will have access at all reasonable times to

records in the county agricultural stabilization and conservation

offices showing the names of producers to whom such identification

numbers have been assigned.

D. If pledged or mortgaged wheat, described in subsection A of

this section, remains in farm storage for the duration of the pledge

or mortgage, the promotional fee so paid at the time the loan was

made shall be deemed a complete satisfaction of the fee liability

unless upon subsequent actual delivery of the wheat from farm

storage in satisfaction of the pledge, or mortgage in the amount of

One Dollar ($1.00) or more, such underpayment being due solely for

the necessity of estimating the quantity of wheat so placed in farm

storage.

E. In connection with the collection of the wheat promotional

fee on Commodity Credit Corporation wheat loans disbursed and

purchase agreement settlement made, undercollections or

overcollections of the wheat promotional fee amounting to One Dollar

($1.00) or less as a result of errors, will not require collection

of the underpayment or refund of the overpayment by Commodity Credit

Corporation and their responsibility in such cases shall be waived.