Topics / Fines, forfeitures, and liquidated damages
When is the surety notified of a liquidated-damages claim?
- Only after the principal's 60 days expire
- Never. The surety monitors the bulletin
- After the claim is referred to the Department of Justice
- At the same time as the principal
Show the answer
D. At the same time as the principal
Under part 172 the surety is notified when the principal is notified. The principal then has 60 days from mailing to petition. A later demand on the surety starts a separate 60 days for the surety's petition.
Source: 19 CFR 172.1
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