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Code of Federal Regulations Title 7. Agriculture § 7.1421.113 Recourse MALs

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) CCC will make recourse MALs 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 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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1421.113 Recourse MALs - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1421-113/

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