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e-CFR data is current as of July 9, 2020

Title 7Subtitle BChapter XIVSubchapter BPart 1427Subpart D → §1427.167


Title 7: Agriculture
PART 1427—COTTON
Subpart D—Recourse Seed Cotton Loans


§1427.167   Liens.

If there are any liens or encumbrances on the seed cotton tendered as collateral for a loan, waivers that fully protect the interest of CCC must be obtained even though the liens or encumbrances are satisfied from the loan proceeds. No additional liens or encumbrances shall be placed on the cotton after the loan is approved.

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