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§ 771.71 Before citation.

27 CFR 771.71

Citation27 CFR 771.71
CorpusDaily eCFR
Displayed edition2026-05-12
Last updated2026-05-12

§ 771.71 Before citation.

If a licensee or permittee surrenders the license or permit before the notice of revocation or denial of renewal, the Director of Industry Operations may accept the surrender. But if the evidence, in the opinion of the Director of Industry Operations, warrants issuance of a notice for revocation or denial of renewal, the surrender shall be refused and the Director of Industry Operations shall issue the notice.