As you know, staying compliant with regulations is key to your business’s success and longevity. Part of that compliance means keeping your MCS-150 form up to date.
Recently, base states have updated their requirements, and are now mandating that a business's unit count matches what's reported on the SAFER site and within the Unified Carrier Registration (UCR) program.
Important Of MCS-150 Updates
- Base State Requirements
Many states now require that the truck count on your MCS-150 matches your actual fleet size. If your numbers don’t line up, it could lead to compliance issues, fines, or even suspension of your IRP, IFTA, or operating authority.
- UCR Fees
Your UCR fees are based on the fleet size reported in your MCS-150. If you’re off by a few trucks, you could end up overpaying or underpaying, which directly affects your bottom line.
- Lowering Insurance Costs
Accurately reporting your cargo and mileage can help reduce insurance premiums. Insurers take both into account when calculating your rates.
- Avoiding Penalties
Updating your MCS-150 regularly helps you avoid penalties. Make sure any changes like business name, fleet size, driver info, or contact details are reflected to stay compliant.
- Annual Reviews
We recommend that you review and update your MCS-150 at least once a year, even if no changes have occurred. This proactive approach ensures your information remains accurate and compliant.
How to Update Your MCS-150
Updating your MCS-150 is easy! Just head over to the FMCSA website and submit your changes online. Don’t forget to save a copy for your records.
But if you’d rather not worry about it, we’ve got you covered. We offer annual MCS-150 updates for just $75! Fill out our MCS-150 Update form here!
If you have any questions or need help with the process, feel free to reach out. We're here to make it simple!