A principal asks CBP to terminate its bond and names no termination date. When does the termination take effect?
- 30 days after the request
- At the end of the calendar year
- On the date CBP receives the request
- On the tenth business day following the date CBP receives the request
Show the answer
D. On the tenth business day following the date CBP receives the request
If no date is requested, the termination takes effect on the tenth business day following the date CBP receives the request. A requested date applies if it is at least 10 business days after receipt.
Source: 19 CFR 113.27(a)
Want more like this?
A free account gives you a fresh set of practice questions every day, each with its rule and citation.