Section 1427.6 - Disbursement of MALs(a) Individual producers may request loans from:(1) FSA County Service Centers;(2) Loan servicing agents; or(3) An approved cotton clerk who has entered into a written agreement with CCC on a form prescribed by CCC.(b) Loan proceeds may be disbursed by CCC or a cotton commercial bank.(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. 67 FR 64459 , Oct. 18, 2002, as amended at 73 FR 65720 , Nov. 5, 2008; 80 FR 139 , Jan. 2, 2015