§ 12–422
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 12-422 (2026)
Title 12. Miscellaneous Institutions and Activities
Subtitle 4. Maryland Money Transmission Act
§ 12–422LinkCopy Citation
(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.