7 C.F.R. § 1421.404

Financial security.

Last amended: 2016Year: 2026Length: 48 wordsSubsections: 1Official source

Cite as 7 C.F.R. § 1421.404 (2026)

(a) In order to be approved to handle MALs and LDPs, a DMA must: (1) Have a current net worth ratio of at least 1:1; and (2) Provide security equal to $100,000 or a greater amount as determined by CCC. (b) [Reserved] [80 FR 128, Jan. 2, 2015]
7 C.F.R. § 1421.404: Financial security. | Justis AI