Duties of a licensed broker

Record retention, handling client money, client notices, address changes and the triennial status report.

Governing text: 19 CFR Part 111, Subpart C

Rules to know

Broker records are kept at least 5 years after the date of entry, inside the customs territory of the United States.
Late client payments go to the Government within 5 working days of receipt.
Address changes are reported within 10 calendar days.
The triennial status report is due February 1 of each third year after 1985.

Free sample questions

For how long must a broker retain the records described in 19 CFR Part 111, other than powers of attorney?

19 CFR 111.23(b)

A broker receives a client's payment of duties after the date the payment was due to the Government. Within what period must the broker transmit the payment?

19 CFR 111.29(a)

A broker's office of record address changes. Within what period must the broker update its address information with CBP?

19 CFR 111.30(a)

When must each broker file the triennial status report?

19 CFR 111.30(d)(1)

Where must customs business be conducted?

19 CFR 111.3(a)

A broker discovers a breach of electronic records relating to its customs business. Within what period must it notify the CBP Security Operations Center?

19 CFR 111.21(b)

A broker hires a new employee. Within what period must the broker submit the new employee's information?

19 CFR 111.28(b)(2)

A broker is itself an importer. When may it act as broker for a client who imports merchandise of the same general character?

19 CFR 111.31(c)

Which activity is "customs business"?

To whom may a broker disclose the contents of a client's records without a subpoena, court order or the client's written authorization?

DHS asks to examine a broker's records. Within what period must the designated recordkeeping contact make them available, unless DHS specifies a longer time?

19 CFR 111.25(b)

A broker cancels its representation of a client after determining the client is intentionally attempting to use the broker to defraud the U.S. Government. What must the broker do?

A broker learns that a client made an error in a document the law requires the client to execute. What must the broker do?

19 CFR 111.39(c)

When may a broker act for a person regarding a protest?

62 questions on this topic

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