(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) The facility does not meet the requirements of §§160.151-41 through 160.151-47, or

(2) The servicing is not performed in accordance with §160.151-57.

(b) A withdrawal of approval may be appealed in accordance with part 1, subpart 1.03, of this chapter.

(c) The OCMI may remove a suspension pending correction of deficiencies if the servicing facility demonstrates that the deficiencies have been corrected.