7 CFR 1427.6 - Disbursement of loans.
(3) An approved cotton clerk who has entered into a written agreement with CCC on a form prescribed by CCC.
(c) The loan documents shall not be presented for disbursement unless the cotton covered by the mortgage or pledged as security is eligible under § 1427.5. If the cotton was not eligible cotton at the time of disbursement, the total amount disbursed under the loan, and charges plus interest shall be refunded promptly.
Title 7 published on 2014-01-01
no entries appear in the Federal Register after this date.