7 CFR 1421.8 - Eligible quantity.
(1) Farm-stored commodities, all determinations of weight and quality, except as otherwise agreed to or required by CCC, will be determined at the time of delivery of the commodity to CCC or at the time the LDPapplication is filed for measured requests, if applicable, or selected for spot-check for certified requests.
(1) A producer may, before the final MAL availability date for obtaining a MAL for a commodity, repledge as collateral for securing a MAL any commodity that had been previously pledged as collateral for a MAL, except with respect to:
(ii) Commodities on which a LDP has been received.
(1) The MAL documents will not be presented for disbursement unless the commodity subject to the note and securityagreement is an eligible harvested commodity, is in existence, and is in authorized farm or warehouse storage, as determined by CCC. If the commodity was not either an eligible commodity, in existence, or in authorized storage at the time of disbursement, the total amount disbursed under the MAL and charges plus interest must be refunded promptly by the producer.
(2)CCC will limit the total quantity for MAL or LDP disbursement to 100 percent of the quantity of such MAL or LDPapplication. A producer may obtain a separate MAL or LDP before the final loan availability date for the commodity for quantities in excess of 100 percent of such quantity if such quantities are otherwise eligible.
Title 7 published on 2015-08-22.
No entries appear in the Federal Register after this date, for 7 CFR Part 1421.