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April 2026, question 1

Broker Compliance · Broker licensing and duties

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?

  1. Pay a fine of $500 within 90 calendar days from the date the original report was due.
  2. File a protest with CBP within 180 days showing just cause as to why their license should be reinstated.
  3. File an appeal with CBP within three months of the date of the notice of suspension.
  4. Pay the required fee within 60 calendar days of the date of the notice of suspension.
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CBP's answer: D. D: Pay the required fee within 60 calendar days of the date of the notice of suspension.

A broker who misses the March 1 triennial report deadline is suspended by operation of law. Under 111.30(d)(4) the license is reinstated if the broker files the report and pays the required fee within 60 calendar days of the date of the notice of suspension, so D is right. There is no $500 fine, protest or appeal route in this paragraph.

If the broker files the required report and pays the required fee within 60 calendar days of the date of the notice of suspension, the license will be reinstated. 19 CFR 111.30(d)(4)

Search for: suspended by operation of law

CBP's key cites: 19 CFR 111.30(d)(4)

Question and key from CBP's April 2026 exam and answer key. The walk-through is ours; quotes are from the pinned editions in the reference viewer (HTSUS 2026 Basic, 19 CFR 2025 edition).