1421.14—Obtaining peanut loans.
               		
               	 	
               	 	
               	 	               	 	               	 	               	 	               	 	
               	 	
    
        
        (a) 
         Peanuts loans to individual producers may be obtained through:
     
    
    
        
        (2) 
         A designated Marketing Association or a CMA approved by CCC.
     
    
        
        (b) 
         The loan documents shall not be presented for disbursement unless the peanuts pledged as collateral for the marketing assistance loan is eligible in accordance with  § 1421.8. If the peanuts were ineligible at the time of the disbursement, the total amount disbursed under loan, or as an LDP, plus charges and interest shall be refunded promptly.