Code of Federal Regulations (Last Updated: November 8, 2024) |
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 |
§ 1421.115 - Recourse marketing assistance loans.
Latest version.
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(a) CCC shall make recourse marketing assistance loans available to eligible producers of high moisture corn, high moisture grain sorghum and other eligible loan commodities as determined by the Deputy Administrator, Farm Programs.
(b) Repayment must be paid in full on or before the loan maturity date.
(c) Recourse marketing assistance loan collateral may not be delivered or forfeited to CCC in satisfaction of the loan indebtedness.