§ 12-422
97 words·~1 min read·
/md/financial-institutions/12-422·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–422.
(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.