[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: 7CFR1421.404]

[Page 455-456]
 
                          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.  1421.404  DMA approval.

    (a) Entities wishing to apply to be a DMA enabled to perform loan 
and loan deficiency functions under this part for peanuts must submit an 
application for such approval to FSA in a form approved by CCC. That 
application shall include the following:
    (1) Two originals of a properly executed Designated Marketing 
Association agreement containing the terms and conditions prescribed by 
CCC.
    (2) A financial statement of not less than 1 year old on the date 
submitted, including accompanying notes, schedules, or exhibits, 
certified by a certified public accountant as fairly representing the 
entity's financial condition.
    (3) The entity's tax identification number.
    (4) A copy of any applicable incorporating or partnership documents.
    (5) The applicant entity's mailing address, electronic mail address, 
and telephone number and facsimile number.
    (6) Any and all information requested by CCC regarding the DMA's 
materials,

[[Page 456]]

and equipment as CCC determines is necessary for the applicant to 
perform the services for which the approval to perform is sought.
    (7) A narrative explaining how the proposed DMA entity or parent 
entity provides marketing services to peanut producers.
    (8) Any additional information or financial security requested by 
the Agency.
    (b) Applicants are responsible for notifying FSA when any changes 
occur to their operations requiring amendments to their application or 
supporting documents.