02 NCAC 52E .0202. NOTIFICATION OF UNSATISFACTORY PAYMENT

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Public livestock market operators shall notify the Commissioner of Agriculture of unsatisfactory payment for livestock within 24 hours after having knowledge of such unsatisfactory payment. The notification will include the following:

(1)           the person on which the account is drawn and address;

(2)           amount of unsatisfactory payment;

(3)           nature of unsatisfactory payment including payee, bank; and address if applicable;

(4)           nature of collection action taken by the public livestock market.

History Note: Authority G.S. 106‑418.6;

Eff. April 1, 1984.

                    
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