[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: 7CFR1421.408]

[Page 457]
 
                          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.  1421.408  Suspension and termination.

    (a) Suspension. If CCC determines that a DMA is not in compliance 
with the DMA agreement CCC may suspend the DMA from making peanut MAL's 
and LDP's until the DMA corrects the violation, or longer.
    (b) Termination. The DMA agreement may be terminated by the DMA upon 
30-calendar day's written notice to CCC. CCC may cancel the agreement at 
any time. Upon termination DMA shall immediately cease processing MAL or 
LDP requests and documents except as needed to preserve CCC's position 
with respect to existing loans or LDP's.