PTA Holdings, Inc (PTAH)

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What are possible follow-on actions?

The following items are possible follow-on actions from the Federal Motor Carrier Safety Administration’s (FMCSA) investigations:

Notice of Violation (NOV) – The NOV is a formal notice of noncompliance that requires a response from the carrier. It is used when the regulatory violations discovered are severe enough to warrant formal action but not a civil penalty (e.g., fine). It is also used in cases where the violation is immediately correctable and the level of, or desire for, cooperation is high. To avoid further intervention, including fines, the carrier must provide evidence of corrective action or initiate a successful challenge to the violation
Notice of Claim (NOC) – An NOC is issued in cases where the regulatory violations are severe enough to warrant assessment and issuance of civil penalties.
Operations Out-of-Service Order – An order issued by FMCSA requiring the carrier to cease all motor vehicle operations.