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§501.710. Settlement. — Inbound Citations

31 C.F.R. § 501.710

Cited by 1 regulation in release Current.

Citations to 31 U.S.C. § 501.710 as a whole

  • (2) In addition, or as an alternative, to a written response to a Prepenalty Notice, the respondent or respondent's representative may seek settlement of the alleged violation(s). See § 501.710. In the event of settlement prior to the issuance of a Penalty Notice, the claim proposed in the Prepenalty Notice will be withdrawn and the respondent will not be required to make a written response to the Prepenalty Notice. In the event no settlement is reached, a written response to the Prepenalty Notice is required pursuant to paragraph (c) of this section.