7 CFR 1434.11 - Fees and interest.

Regulations last checked for updates: Nov 26, 2024

Title 7 - Agriculture last revised: Nov 22, 2024

View all text of Part 1434 [§ 1434.1 - § 1434.22]

§ 1434.11 - Fees and interest.

(a) A producer must pay a nonrefundable MAL service fee. The MAL service fee will be the smaller of one-half of 1 percent (.005) times the gross MAL amount or $45 per MAL plus $3 for each storage structure over one.

(b) Interest that accrues with respect to a loan wil be determined in accordance with part 1405 of this chapter.

[66 FR 15177, Mar. 15, 2001, as amended at 80 FR 140, 141, Jan. 2, 2015]

authority: 7 U.S.C. 7231-7237,7931,and; and 15 U.S.C. 714b and c

source: 66 FR 15177, Mar. 15, 2001, unless otherwise noted.

cite as: 7 CFR 1434.11