[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1400.502]

[Page 336]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1400_PAYMENT LIMITATION AND PAYMENT ELIGIBILITY--Table of Contents
 
                        Subpart F_Foreign Persons
 
Sec. 1400.502  Notification.

    (a) Any entity, whether foreign or domestic, that executes a program 
contract or agreement under which a payment, loan, or benefit may be 
available must provide written notification to the county committee in 
the county where the entity conducts its farming operation if:
    (1) Any individual, group of individuals, entity, or group of 
entities holds more than a 10 percent beneficial interest in such 
entity; and
    (2) Such individual, group of individuals, entity, or group of 
entities, in accordance with Sec. 1400.501, are ineligible to receive a 
payment, loan and benefit.
    (b) Such written notification must, if known, include the name and 
social security number or taxpayer identification number of such 
individual or entity and of all individuals and entities that hold a 
beneficial interest.
    (c) The failure of the entity to provide this information will 
result in the ineligibility of the entity to receive any payment, loan, 
or benefit.