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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter XIV - Commodity Credit Corporation, Department of Agriculture |
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SubChapter B - Loans, Purchases, and Other Operations |
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Part 1421 - Grains and Similarly Handled Commodities - Marketing Assistance Loans and Loan Deficiency Payments |
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Subpart E - Designated Marketing Associations for Peanuts |
§ 1421.404 - Financial security.
Latest version.
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§ 1421.404 Financial security.
(a) In order to be approved to handle MALs and LDPs, a DMA must:
(1) Have a current net worth ratio of at least 1:1; and
(2) Provide security equal to $100,000 or a greater amount as determined by CCC.
(b) [Reserved]
[80 FR 128, Jan. 2, 2015]