[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1421.13]

[Page 436-437]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1421_GRAINS AND SIMILARLY HANDLED COMMODITIES_MARKETING ASSISTANCE LOANS 
 
                            Subpart A_General
 
Sec.  1421.13  Special marketing assistance loans and loan deficiency 

payments.

    (a) Commodities stored in an unapproved storage facility may be 
pledged as collateral for a marketing assistance loan if the producer:
    (1) Makes a request for the marketing assistance loan and obtains 
the commodity certificate to immediately exchange for the requested loan 
collateral at the same time at the county office that, under part 718 of 
this title, is

[[Page 437]]

responsible for administering the programs for the farm on which the 
commodity was produced.
    (2) Submits the marketing assistance loan request and the commodity 
certificate exchange before or on the date of delivery to the unapproved 
facility.
    (b)(1) Eligible producers of unshorn pelts produced from live sheep 
and hay and silage derived from an eligible loan commodity as provided 
in Sec.  1421.5 are eligible to request unshorn pelt, hay, and silage 
quantities for a loan deficiency payment under subpart C of this part.
    (2) Unshorn pelts, hay, and silage derived from an eligible loan 
commodity is not eligible to be pledged as collateral to obtain a 
marketing assistance loan under subpart B of this part.

[71 FR 32424, June 6, 2006]