§1450.4. Violations.
7 C.F.R. § 1450.4
If a participant fails to carry out the terms and conditions of a BCAP contract, CCC may terminate the BCAP contract.
If the BCAP contract is terminated by CCC in accordance with this paragraph:
The participant will forfeit all rights to further payments under the contract and must refund all payments previously received, plus interest; and
The participant must pay liquidated damages to CCC in an amount as specified in the contract.
CCC may reduce a demand for a refund under this section to the extent CCC determines that such relief would be appropriate and would not deter the accomplishment of the purposes of BCAP.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 8111.
Source
Source: 75 FR 66234, Oct. 27, 2010, unless otherwise noted.