GroundRules
7 CFR 1430.410: Effect of failure to pay administrative fees or premiums.
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 1430—DAIRY PRODUCTS
- Subpart D—Dairy Margin Coverage Program
(a) A participating dairy operation that fails to pay a required administrative fee or premium payment due upon application to DMC or for a calendar year of coverage:
(1) Remains legally obligated to pay such administrative fee or premium, as applicable; and
(2) Upon such failure to pay the administrative fee when due, loses coverage under DMC for the coverage year; and
(3) Upon such failure to pay the premium fee or receivable when due, a subsequent DMC contract cannot be approved.
(b) CCC may take such actions as necessary to collect unpaid administrative fees and premium payments.
Collected 2026-08-27T02:24:01Z. Source file · JSON