Md. Code Ann., Fin. Inst. § 12-422
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2022
As of January 1, 2019
(a) (1) A licensee may surrender a license by sending to the Commissioner a written statement that the license is surrendered.
(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 payment instruments, and the reasons for the license surrender.
(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.
(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.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.