Code of Federal Regulations (Last Updated: April 5, 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 E - Designated Marketing Associations for Peanuts |
§ 1421.413 - Liens and waivers.
Latest version.
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§ 1421.413 Liens and waivers.
(a) DMAs performing MAL-related functions pursuant to the authority in this subpart must determine, to the same extent as required for MALs handled by FSA county offices, whether a lien on the peanuts exists by performing or obtaining a lien search for all peanuts to be pledged for each MAL, except that the cost associated with such lien search and any necessary lien waivers is borne by the DMA. If a lien exists, the DMA must obtain, on an approved CCC form, a signed waiver from each lienholder with an interest in any such lien.
(b) [Reserved]
[80 FR 129, Jan. 2, 2015]