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46 CFR §160.151-55 — -55 Withdrawal of approval.

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)The OCMI may withdraw the approval of the servicing facility, or may suspend its approval pending correction of deficiencies, if the Coast Guard inspector or accepted third-party inspector finds that—
    1. (1)The facility does not meet the requirements of §§ 160.151-41 through 160.151-47, or
    2. (2)The servicing is not performed in accordance with § 160.151-57.
  2. (b)A withdrawal of approval may be appealed in accordance with part 1, subpart 1.03, of this chapter.
  3. (c)The OCMI may remove a suspension pending correction of deficiencies if the servicing facility demonstrates that the deficiencies have been corrected.