U.S. Code of Federal Regulations

Regulations most recently checked for updates: Oct 04, 2022

§ 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.