Prev Next


(1) The borrower receiving CRP loan funds must enter into a successor in interest agreement with the board and CCC prior to receiving a CRP loan. All contracts assigned must be subject to recourse, which in turn the board may assign to the trustee for the bondholders.

(2) While the board becomes responsible for CRP contract compliance under the terms of the successor in interest agreement, the borrower still must agree, in consideration of receiving a CRP loan, to retain responsibility for CRP contract compliance.

(3) The borrower must also agree as follows:

(a) to provide an annual certification of compliance to the board whereby the borrower certifies that he is in compliance with all federal CRP program requirements and that he agrees to provide the ASCS with all information necessary to determine compliance;

(b) to provide the board a first mortgage on his Montana CRP acres or other interest that the board determines equally protects the board;

(c) to grant the board an access easement for the CRP acres in order to allow the board of promptly correct instances of noncompliance; and

(d) to reimburse the board for all noncompliance penalties assessed by the ASCS and for all other costs associated with corrective measures taken by the board or its agents.

History: Sec. 17-5-1504, 17-5-1521, MCA; IMP, Sec. 17-5-1504, 17-5-1505, 17-5-1521, MCA; NEW, 1989 MAR p. 2204, Eff. 12/22/89.

Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security