GroundRules
7 CFR 1421.113: Recourse MALs.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XIV—COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
- SUBCHAPTER B—LOANS, PURCHASES, AND OTHER OPERATIONS
- PART 1421—GRAINS AND SIMILARLY HANDLED COMMODITIES—MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS
- Subpart B—Marketing Assistance Loans
(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.
Collected 2026-08-27T02:24:01Z. Source file · JSON