7 CFR § 46.7 - Issuance of license.

---
identifier: "/us/cfr/t7/s46.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 46.7 - Issuance of license."
title_number: 7
title_name: "Agriculture"
section_number: "46.7"
section_name: "Issuance of license."
chapter_name: "AGRICULTURAL MARKETING SERVICE (STANDARDS, INSPECTIONS, MARKETING PRACTICES), DEPARTMENT OF AGRICULTURE"
subchapter_number: "B"
subchapter_name: "MARKETING OF PERISHABLE AGRICULTURAL COMMODITIES"
part_number: "46"
part_name: "REQUIREMENTS (OTHER THAN ADMINISTRATIVE PROCEDURES) UNDER THE PERISHABLE AGRICULTURAL COMMODITIES ACT, 1930"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 499a-499t."
regulatory_source: "28 FR 7067, July 11, 1963; 28 FR 7287, July 17, 1963, unless otherwise noted."
cfr_part: "46"
---


# 46.7 Issuance of license.

Upon receipt of a valid application accompanied by the proper fee for a license, and bond, if required, the Director shall, if the applicant is found to be eligible, issue a license certifying that the licensee is authorized to engage in the business of a commission merchant, dealer, or broker. All fees, and any additional sums assessed by the Director in accordance with the Act, shall be deposited in a special fund designated as the “Perishable Agricultural Commodities Act fund.”