Hmmm how about just temporarily suspending your authority, according to OOIDA they are going to do it in December for me for 4 months or so while I go overseas. Hmmmm this time you could use to see if you will like leasing to this company, and if not just re-instate your own authority.

 

You can suspend your own authority. It will cost $80 to reinstate it.

 

GMAN, Is that all there is to that. Any more info one might want to know about it if they were ever going to do it, like rules and regs?

 

Anyone who has authority can have it voluntarily suspended or revoked. All you need do to reinstate or reactivate it is to file a form with the Feds and send them a check for $80. I believe you can do this on line. You may be required to file a new PCS 150 form, depending on how long it has been since your authority was active. The Feds require you to update this form every 2 years. Some states may require it to be updated annually. There is not charge for updating the form.