7 CFR 1434.11 - Fees and interest.

§ 1434.11 Fees and interest.

(a) A producer must pay a nonrefundable MAL service fee. The MAL service fee will be the smaller of one-half of 1 percent (.005) times the gross MAL amount or $45 per MAL plus $3 for each storage structure over one.

(b) Interest that accrues with respect to a loan wil be determined in accordance with part 1405 of this chapter.

[ 66 FR 15177, Mar. 15, 2001, as amended at 80 FR 140, 141, Jan. 2, 2015]

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