Which of the following statements is FALSE?
1. After a new employee has been employed by a broker for 30 consecutive days, the broker must submit new employee information to the port director including: social security number, last prior home address, and place of birth within 10 calendar days after the 30 day period.
2. Brokers that are partnerships, associations, or corporations may operate during any continuous period of up to 120 days after loss of the member of the partnership, or officer of the association or corporation, holding a valid individual broker license. After a continuous period of 120 days, failure to replace the licensed member or officer will result in revocation by operation of law of the license and any permits issued to the partnership, association, or corporation.
3. Regarding broker employee information, in the absence of culpability by the broker, Customs will not hold the broker responsible for the accuracy of information that is provided to the broker by their employee.
4. Each broker must exercise due diligence in making financial settlements. Payments must be transmitted to the Government within 7 working days from receipt by the broker.
5. In regards to brokers transacting customs business for an unlicensed person who is not the actual importer, the broker must transmit to the actual importer either a copy of his bill for services rendered or a copy of the entry, unless the importer has provided a written waiver.
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: D
Citation: 19 CFR § 111.28(b)(1)(ii), 19 CFR § 111.28(b)(1)(i), 19 CFR § 111.25(a)
19 CFR § 111.28 (b)(3), 19 CFR § 111.36(a)
[/bg_collapse]