Definitions.

CFR · 2024-01-01 · US · Title 7

The definitions in this section apply for all purposes of program administration regarding the cotton loan and LDP programs. The terms defined in part 718 of this title and parts 1412, 1421, 1423, 1425, and 1434 of this chapter also apply, except where they conflict with definitions in this section. (1) Designates the entity authorized by a producer to redeem all of the cotton pledged as collateral for a specific loan; (2) Is maintained by providers of electronic warehouse receipts; and (3) A producer may authorize CCC to use as the basis for the redemption and release of loan collateral. (1) American-Pima; (2) All other varieties of the Barbadense species of cotton, and any hybrid thereof; and (3) Any other variety of cotton in which one or more of these varieties predominate. (1) A bank in the United States which accepts demand deposits; and (2) An association organized pursuant to Federal or State law and supervised by Federal or State banking authorities. (1) Preparing and executing loan and LDP documents; (2) Disbursing loan and LDP proceeds; (3) Accepting loan repayments; (4) Handling documents involved with forfeiture of loan collateral to CCC; and (5) Providing loan, LDP, and accounting data to CCC for statistical purposes. (1) Physically relocate cotton loan collateral from one CCC-approved warehouse to another CCC-approved warehouse, (2) Exchange an electronic warehouse receipt for a receipt certificated by a warehouse for delivery under a futures contract without p

official document · source cfr-2024 · id 7:§ 1427.3