18. Baltimore Quick Printers is an active client of Fast Broker LLC with a power of attorney executed on May 1, 2020. Please refer to the provided broker’s invoice for the “NOTICE TO CLIENT OF METHOD OF PAYMENT” (Notice) language. If the invoice did not contain this N otice, which of the statement(s) is/are correct regarding the broker’s obligation to provide active clients this language? I. The notice is not required by Customs regulations. II. The notice is required on every broker invoice to active clients under the Customs regulations. III. The notice is required on or attached to the power of attorney between the broker and the client under the Customs regulations. IV. The notice is required in writing at least once per 12 -month period under the Customs regulations.(2024 April No.18 Practical Exercise)
A) I.
B) II.
C) II. And IV.
D) III. And IV
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The Answer is: D
Citation: 19 CFR 111.29(b)(2)
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