7 CFR §1427.6

1. (a)Individual producers may request loans from:
   1. (1)FSA County Service Centers;
   2. (2)Loan servicing agents; or
   3. (3)An approved cotton clerk who has entered into a written agreement with CCC on a form prescribed by CCC.
2. (b)Loan proceeds may be disbursed by CCC or a cotton commercial bank.
3. (c)The loan documents will not be presented for disbursement unless the cotton covered by the mortgage or pledged as security is eligible under § 1427.5. If the cotton was not eligible cotton at the time of disbursement, the total amount disbursed under the loan, and charges plus interest will be refunded promptly.