7 CFR 1421.417 - Disbursing MAL and LDP proceeds.
§ 1421.417
Disbursing MAL and LDP proceeds.
(a)
A DMA may request that CCC establish a drawdown account from which to disburse MAL and LDP amounts to producers, and designate the financial institution they wish to use.
(c)
If there is no drawdown account, MAL and LDP proceeds shall be distributed to the producer within 3 work days from the date the DMA receives MAL or LDP proceeds from CCC, after deduction of authorized charges or fees for services. If there is a drawdown account, the MAL and LDP proceeds shall be distributed to the producer within 3 days of the completion of the application.
[70 FR 33799, June 10, 2005. Redesignated at 74 FR 15656, Apr. 7, 2009]
Title 7 published on 2012-01-01
no entries appear in the Federal Register after this date.
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