U.S. DOT has recently provided certain clarification to the Annual Affidavit
of No Change process. The clarifying guidance reduces the documentation necessary
Certification is valid until a firm no longer meets minimum eligibility standards
under 49 CFR Part 26 or fails to cooperate with requests for information.
Certified firms are required to confirm their continued eligibility on an
annual basis by submitting a No Change Affidavit. These affidavits (and notices
of change) are intended to keep recipients current on the status of certified
firms. A complete signed copy (including all schedules/attachments) of current
year business tax return must be submitted with the affidavit. If the personal
tax return includes business taxes, then a complete signed copy (including all
schedules/attachments) of the current year personal tax must be submitted.
Note: At Pace's discretion, a firm may be required to undergo an enhanced
review process to confirm that the firm's majority owner(s) continue to meet the
personal net worth criteria as found in 49 CFR 26.67(2)(i). Please note, should
an enhanced review be necessary, a Personal Financial Statement with supporting
documentation and an onsite review will be required.