7 CFR 1434.19 - Settlement.
The value of the settlement of loans shall be made by CCC on the following basis:
(1) If the value of the collateral at settlement is less than the amount due, the producer shall pay to CCC the amount of such deficiency and charges, plus interest on such deficiency; or
(2) If the value of the collateral at settlement is greater than the amount due, such excess shall be retained by CCC and CCC shall have no obligation to pay such amount to any party.
Title 7 published on 2013-01-01
no entries appear in the Federal Register after this date.