2002 October No.70


At least once a year, a broker is required to notify each active client of which ONE of the following?

A) The fact that brokers may not limit their liability to their clients.

B) The names of new officers and/or employees of the broker.

C) The number of 19 U.S.C. 1641 penalty actions pending against the broker.

D) Any change in the ownership of the broker.

E) The fact that payment to a broker will not relieve a client who is the importer of record from liability for Customs charges in the event of nonpayment by the broker, and that the client may wish to issue a separate check made payable to U.S. Customs for Customs-related charges.

[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]

The Answer is: E

Citation: 19 CFR 111.29(b)

[/bg_collapse]



Subscribe
Notify of