{"data":{"id":"us/31-cfr-223.19","jurisdiction":"us","citation":"31 CFR 223.19","heading":"Treasury-initiated revocation proceedings.","body":"Whenever Treasury has reason to believe that a company is not complying with the requirements of 31 U.S.C. 9304-9308 and/or the regulations under this part, including but not limited to a failure to satisfy corporate and financial standards, Treasury shall:\n(a) Notify the company of the facts or conduct which indicate such non-compliance, and provide the company an opportunity to respond, and\n(b) Revoke a company's certificate of authority after providing notice to the company if:\n(1) The company does not respond satisfactorily to Treasury's notification of non-compliance, or\n(2) The company responded, was provided an opportunity to demonstrate or achieve compliance, and failed to do so.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE","PART 223—SURETY COMPANIES DOING BUSINESS WITH THE UNITED STATES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"279e7f927492831ed7a03d1eea0e9e5bb974f3f9ec71a260d3ef0d9f27cfff22","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-223.18","next":"us/31-cfr-223.20"},"notice":"GroundRules: Original legal text. Not legal advice."}