§ 160.151-55 - Withdrawal of approval.

§ 160.151-55 Withdrawal of approval.

(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.