April 2026 CBLE · Category I: Broker Compliance · Question 1 of 80
April 2026 CBLE, question 1
A broker fails to file the triennial status report by March 1 of the reporting year which results in the suspension of their license by operation of law. In addition to filing the triennial status report, what must the broker do to reinstate their license?
- Pay a fine of $500 within 90 calendar days from the date the original report was due.
- File a protest with CBP within 180 days showing just cause as to why their license should be reinstated.
- File an appeal with CBP within three months of the date of the notice of suspension.
- Pay the required fee within 60 calendar days of the date of the notice of suspension.
Show the official answer
Official answer: D: Pay the required fee within 60 calendar days of the date of the notice of suspension.
Citation in CBP's key: 19 CFR 111.30(d)(4)