Source: https://www.law.cornell.edu/cfr/text/46/502.605
Timestamp: 2015-10-06 21:10:19
Document Index: 788427724

Matched Legal Cases: ['art 502', '§ 502', '§ 502', '§ 502', '§ 502', '§ 502']

46 CFR 502.605 - Payment of penalty: Method; default. | US Law | LII / Legal Information Institute
CFR › Title 46 › Chapter IV › Subchapter A › Part 502 › Subpart W › Section 502.605 46 CFR 502.605 - Payment of penalty: Method; default.
§ 502.605
Payment of penalty: Method; default.
Payment of penalties by the respondent is to be made by bank cashier's check or other instrument acceptable to the Commission.
All checks or other instruments submitted in payment of claims shall be made payable to the Federal Maritime Commission.
Where a respondent fails or refuses to pay a penalty properly assessed under § 502.603, or compromised and agreed to under § 502.604, appropriate collection efforts will be made by the Commission, including, but not limited to referral to the Department of Justice for collection. Where such defaulting respondent is a licensed freight forwarder, such default also may be grounds for revocation or suspension of the respondent's license, after notice and opportunity for hearing, unless such notice and hearing have been waived by the respondent in writing. [Rule 605.]
[49 FR 44418, Nov. 6, 1984. Redesignated at 58 FR 27211, May 7, 1993, as amended at 64 FR 7813, Feb. 17, 1999]
Method. Payment of penalties by the respondent is to be made by bank cashier's check or other instrument acceptable to the Commission.
(b) All checks or other instruments submitted in payment of claims shall be made payable to the Federal Maritime Commission.
Default in payment. Where a respondent fails or refuses to pay a penalty properly assessed under § 502.603, or compromised and agreed to under § 502.604, appropriate collection efforts will be made by the Commission, including, but not limited to referral to the Department of Justice for collection. Where such defaulting respondent is a licensed freight forwarder, such default also may be grounds for revocation or suspension of the respondent's license, after notice and opportunity for hearing, unless such notice and hearing have been waived by the respondent in writing. [Rule 605.]