Md. Code Ann., Fin. Inst. § 12-422
Surrender of license
Effective Oct 1, 2021Added as Financial Institutions § 12-418 by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1980, c. 541, § 1, eff. July 1, 1980; Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 1997, c. 23, § 1, eff. Oct. 1, 1997. Renumbered as Financial Institutions § 12-422 by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002. Amended by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002; Acts 2021, c. 100, § 3, eff. Oct. 1, 2021; Acts 2021, c. 101, § 2, eff. Oct. 1, 2021.State of Maryland
(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.
Added as Financial Institutions § 12-418 by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1980, c. 541, § 1, eff. July 1, 1980; Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 1997, c. 23, § 1, eff. Oct. 1, 1997. Renumbered as Financial Institutions § 12-422 by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002. Amended by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002; Acts 2021, c. 100, § 3, eff. Oct. 1, 2021; Acts 2021, c. 101, § 2, eff. Oct. 1, 2021.
Formerly Art. 11, § 218.