§1427.6. Disbursement of MALs.
7 C.F.R. § 1427.6
Individual producers may request loans from:
FSA County Service Centers;
Loan servicing agents; or
An approved cotton clerk who has entered into a written agreement with CCC on a form prescribed by CCC.
Loan proceeds may be disbursed by CCC or .
The loan documents will 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 will be refunded promptly.
Notes, amendments, and revision history
Amendments
[67 FR 64459, Oct. 18, 2002, as amended at 73 FR 65720, Nov. 5, 2008; 80 FR 139, Jan. 2, 2015; 91 FR 42331, July 9, 2026]
Source
Source: 67 FR 64459, Oct. 18, 2002, unless otherwise noted.
Authority
Authority: 7 U.S.C. 7231-7237, 7931-7936, 9011, and 9031-40, 15 U.S.C. 714b and c.
Amendments
[67 FR 64459, Oct. 18, 2002, as amended at 73 FR 65720, Nov. 5, 2008; 80 FR 139, Jan. 2, 2015; 91 FR 42331, July 9, 2026]