CTB Transportation Law & Regulatory Compliance 2

Question 1

Under 49 CFR Part 371, a freight broker must provide shippers with the carrier's actual charges upon request within how many days after the shipment?

Accepted Answer

15 days

Answer

Brokers must provide actual carrier charges to shippers within 15 days of a written request under 49 CFR Part 371.

Question 2

Which federal agency has primary authority to enforce household goods moving regulations under the SAFETEA-LU Act?

Accepted Answer

Federal Motor Carrier Safety Administration (FMCSA)

Answer

The FMCSA holds primary enforcement authority over household goods movers and brokers under SAFETEA-LU provisions.

Question 3

A broker arranges transport for a shipment and the carrier causes cargo damage. Under the Carmack Amendment, who bears primary liability to the shipper?

Accepted Answer

The carrier that physically transported the goods

Answer

Under the Carmack Amendment, the carrier that physically transports the goods bears primary liability for cargo loss or damage.

Question 4

What is the purpose of the Truth in Lending Act as it may apply to freight broker credit agreements with carriers?

Accepted Answer

It requires brokers to disclose interest rates and credit terms in writing

Answer

The Truth in Lending Act requires clear written disclosure of interest rates and credit terms in any credit arrangement.

Question 5

Under 49 U.S.C. § 13904, a broker's operating authority (license) may be suspended or revoked if the broker fails to maintain which required financial instrument?

Accepted Answer

A surety bond or trust fund of at least $75,000

Answer

FMCSA may revoke broker authority if the required $75,000 surety bond (BMC-84) or trust fund (BMC-85) lapses.

(CTB) Certified Transportation Broker Practice Test

(CTB) Certified Transportation Broker Practice Test

CTB Transportation Law & Regulatory Compliance 2