FMCSA Extends Compliance Deadline for Rule Preventing Payment Defaults
The Federal Motor Carrier Safety Administration is extending by one year the compliance date for its "Broker and Freight Financial Responsibility" rule, it said in a notice released Dec. 30. The new deadline will be Jan. 16, 2026.
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The extension will provide regulated entities with additional time to begin using and familiarizing themselves with the new forthcoming online registration system, which will accept filings and track notifications, according to FMCSA. The agency noted that legacy systems won't have this kind of functionality.
The final rule (see 2311150049) will place new financial security requirements on forwarders and freight brokers that fail to pay for services provided by a motor carrier. The measures are meant to address freight brokers and forwarders that purposely default on payments, triggering what can be a “costly and time consuming” process in a claims court that “generally results in motor carrier claims being paid pro rata,” FMCSA said last year.