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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) DMAs must take the following actions in the following order when an application for an MAL is filed:
(1) Make all the determinations that are a precondition for a MAL, including all producer eligibility requirements, lien determinations, and if requested by the producer, enter into a power of attorney agreement with the producer.
(2) If there is an EWR for the peanuts, instruct the current holder to notify the EWR provider to amend the EWR to show the DMA as holder. If a paper receipt is involved, the DMA must obtain the receipt (and later, at the appropriate time include the receipt in the documents delivered to the CCC).
(3) Complete all MAL forms.
(4) After the producer or the person holding the power of attorney for the producer signs MAL document, provide the signatory with copies of the documents.
(5) Where there is an EWR for the peanuts notify the EWR provider to make CCC the holder of the EWR and secure an affirmation verifying that CCC has been made the holder of the EWR.
(b) [Reserved by 80 FR 129]
Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1421.415 Processing marketing assistance loans - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1421-415/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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