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.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.