Based on the information provided for POA 2, which statement is FALSE?
A. POA 2 identifies a resident principal.
B. POA 2 omits the “notice to client of method of payment”.
C. Failure of the broker to retain a valid POA may result in a monetary penalty in an amount not to exceed an aggregate of $30,000.00 for one or more violations.
D. POA 2 may be granted for an unlimited period of time.
E. POA 2 authorizes the broker to sign documents in Puerto Rico.
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The Answer is: B
Citation: 19 CFR 111.29 (b)(1), (b)(2)(I)
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