[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR223.20]

[Page 72]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 223--SURETY COMPANIES DOING BUSINESS WITH THE UNITED STATES--Table of Contents
 
Sec. 223.20  Final decisions.

    If, after review of the case file, it is the judgment of the 
Secretary that the complaint was unfounded, the Secretary shall dismiss 
the complaint by the Federal agency concerned and shall so notify the 
company. If, however, it is the judgment of the Secretary that the 
company has not fulfilled its obligations to the complainant agency, he 
shall notify the company of the facts or conduct which indicate such 
failure and allow the company 20 business days from the date of such 
notification to demonstrate or achieve compliance. If no showing of 
compliance is made within the period allowed, the Secretary shall either 
preclude renewal of a company's certificate of authority or revoke it 
without further notice.

[38 FR 22779, Aug. 24, 1973, as amended at 42 FR 8638, Feb. 11, 1977]