April 2026 — 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?
- APay a fine of $500 within 90 calendar days from the date the original report was due.
- BFile a protest with CBP within 180 days showing just cause as to why their license should be reinstated.
- CFile an appeal with CBP within three months of the date of the notice of suspension.
- DPay the required fee within 60 calendar days of the date of the notice of suspension.✓ CBP's answer
Why this answer
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CBP's cited authority
§ 19 CFR 111.30(d)(4)
Answer and citations as published in CBP's official answer key for the April 2026 examination.
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