Importation of Vehicles and Equipment Subject to Federal Safety, Bumper, and Theft Prevention Standards; Registered Importers of Vehicles Not Originally Manufactured To Conform to the Federal Motor Vehicle Safety Standards

概要

This interim final rule amends part 591 to adopt a continuous entry bond as an alternative to the single entry bond that is required to accompany each nonconforming vehicle imported into the United States. Under the alternative, a registered importer of motor vehicles who imports more than one vehicle can enter vehicles under a continuous bond that covers an indefinite number of vehicles at a single time up to the value of the bond. The new bond has a ceiling value of $1,000,000, and is valid for an indefinite period. Conforming amendments are also adopted for part 592. The agency has determined that immediate action is in the public interest since it has been informed by a Registered Importer that the principal bonding company that issues single entry bonds has decided to terminate offering them. The agency is also requesting comments whether NHTSA should make permanent this alternative. The interim final rule also deletes the provisions which expired on October 31, 1992 that allowed importation of a vehicle without the agency of a registered importer if the importer owned the vehicle before October 31, 1988.