---
kind: "section"
citation: "7 C.F.R. § 1425.21"
title: "7"
number: "1425.21"
heading: "Records required."
url: "https://uscodex.org/cfr/7/1425.21"
---

# §1425.21. Records required.

- (a) A CMA shall maintain records for each MAL or LDP commodity showing the quantity:
  - (1) Received from each member and nonmember;
  - (2) Eligible for MALs and LDPs;
  - (3) By quality factors specified in the applicable commodity regulations including class, grade, and quality, where applicable; and
  - (4) **Of unprocessed inventory broken down by items 1 through 3 above.**
- (b) Except as provided in [paragraph (c)](#c) of this section, inventory must be allocated in the following manner until all inventory in a loan pool is depleted:
  - (1) For processed commodities, the pool's inventory must be adjusted when the commodity is withdrawn from inventory for processing; and
  - (2) For commodities that are not processed, the pool's inventory must be allocated to the pool and the pool's inventories adjusted when the commodity is shipped.
- (c) Records of loan and non-loan pool dispositions do not have to be maintained separately when sales proceeds from pools are allocated according to the quantity and quality of commodity in the pools.

## Notes

### Amendments

[63 FR 17312, Apr. 9, 1998, as amended at 80 FR 132, Jan. 2, 2015]

### Authority

Authority: 7 U.S.C. 1441 and 1421, 7 U.S.C. 7931-7939; and 15 U.S.C. 714b, 714c, and 714j.

### Source

Source: 63 FR 17312, Apr. 9, 1998, unless otherwise noted.

### Amendments

[63 FR 17312, Apr. 9, 1998, as amended at 80 FR 132, Jan. 2, 2015]