Md. Code, Fin. Inst. § 12-422

Current with changes from the 2024 Legislative Session
Section 12-422 - Voluntary surrender of license
(a)
(1) A licensee may surrender a license through NMLS in accordance with the process that the Commissioner requires.
(2) The statement shall provide a listing, by identifying number, face amount, and place of issue, of all outstanding money transmissions, and the reasons for the license surrender.
(b) The surrender of a license does not:
(1) Affect any civil or criminal liability of the licensee for acts committed before the license is surrendered;
(2) Affect the surety device filed by the licensee; or
(3) Entitle the licensee to the return of any part of any fee.

Md. Code, FI § 12-422

Amended by 2021 Md. Laws, Ch. 101,Sec. 2, eff. 10/1/2021.
Amended by 2021 Md. Laws, Ch. 100,Sec. 3, eff. 10/1/2021.