50 CFR § 253.21 - Demand by guaranteed noteholder and payment.

---
identifier: "/us/cfr/t50/s253.21"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "50 CFR § 253.21 - Demand by guaranteed noteholder and payment."
title_number: 50
title_name: "Wildlife and Fisheries"
section_number: "253.21"
section_name: "Demand by guaranteed noteholder and payment."
chapter_name: "NATIONAL MARINE FISHERIES SERVICE, NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE"
subchapter_number: "F"
subchapter_name: "AID TO FISHERIES"
part_number: "253"
part_name: "FISHERIES ASSISTANCE PROGRAMS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "46 U.S.C. 53701 and 16 U.S.C. 4101"
regulatory_source: "75 FR 78623, Dec. 16, 2010, unless otherwise noted."
cfr_part: "253"
---


# 253.21 Demand by guaranteed noteholder and payment.

Every demand by the guaranteed noteholder must be delivered in writing to the Program and must include the noteholder's certified record of the date and amount of each payment made on the guaranteed note and the manner of its application. The only period during which a guaranteed noteholder can make demand for a payment default begins on the thirty-first day of the payment default and continues through the ninetieth day of a payment default. The noteholder must possess evidence of the demand's timely delivery.