[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: 7CFR1421.402]

[Page 454-455]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1421_GRAINS AND SIMILARLY HANDLED COMMODITIES_MARKETING ASSISTANCE LOANS 
 
         Subpart E_Designated Marketing Associations for Peanuts
 
Sec.  1421.402  DMA responsibilities.

    (a) DMA's are eligible to process the marketing loans and loan 
deficiency payments provided for in this part only for peanut producers 
and only if the DMA and the producers and peanuts meet all eligibility 
criteria set out in this part, including, but not limited to, the DMA 
eligibility provisions of this subpart. In carrying out those functions, 
DMA's must:
    (1) Prepare and execute the appropriate CCC peanut MAL and LDP 
application documents;
    (2) Determine whether producers and the commodity are eligible for 
MAL's and LDP's, including whether the otherwise eligible peanuts are 
free and clear of all liens which DMA's shall determine by performing 
lien searches at DMA's expense;

[[Page 455]]

    (3) Instruct the holder of EWR's, if applicable, to notify the EWR 
provider to amend the EWR to show CCC is the holder;
    (4) Receive MAL and LDP documents from a DMA Service County Office;
    (5) Disburse peanut MAL's and LDP proceeds to eligible producers;
    (6) Prepare and execute documents for MAL repayments;
    (7) Collect loan repayments from producers or buyers and 
transmitting these funds to CCC;
    (8) Transmit documents to render forfeited collateral to CCC; and
    (9) Collect data for reporting to CCC as required by CCC;
    (b) As part of performing the responsibilities in paragraph (a) of 
this section, DMA's shall:
    (1) Become knowledgeable of and follow the procedures in CCC and FSA 
peanut program regulations, applicable notices published in the Federal 
Register, applicable FSA peanut program handbooks and amendments 
thereto, and any applicable notices or instructions issued by FSA and 
the Agricultural Marketing Service.
    (2) Make and service CCC peanut MAL's and LDP's, only upon the 
presenting by producers or their agents of the warehouse receipts, 
unless otherwise directed by CCC.
    (3) Attend, at the DMA's expense, DMA peanut MAL, and LDP program 
training offered by CCC.
    (4) Provide sufficient personnel, computer hardware, computer 
communications systems, and software, as determined necessary by CCC, to 
administer the peanut MAL and LDP program.