Voluntary surrender to avoid hearing.

§ 5.203 Voluntary surrender to avoid hearing. (a) Any holder may surrender a credential or endorsement to the Coast Guard in preference to appearing at a hearing. (b) A holder voluntarily surrendering a credential or endorsement shall sign a written statement containing the stipulations that: (1) The surrender is made voluntarily in preference to appearing at a hearing; (2) All rights to the credential or endorsement surrendered are permanently relinquished; and, (3) Any rights with respect to a hearing are waived. (c) A voluntary surrender of a credential or endorsement to an investigating officer in preference to appearing at a hearing is not to be accepted by an investigating officer unless the investigating officer is convinced that the holder fully realizes the effect of such surrender. [CGD 82–002, 50 FR 32184, Aug. 9, 1985, as amended by USCG–2006–24371, 74 FR 11215, Mar. 16, 2009]