<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="12-422" title_number="12" title_name="Miscellaneous Institutions and Activities" subtitle_number="4" subtitle_name="Maryland Money Transmission Act">
  <level label="a">
    <level label="1">
      <text>A licensee may surrender a license through NMLS in accordance with the process that the Commissioner requires.</text>
    </level>
    <level label="2">
      <text>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.</text>
    </level>
  </level>
  <level label="b">
    <text>The surrender of a license does not:</text>
    <level label="1">
      <text>Affect any civil or criminal liability of the licensee for acts committed before the license is surrendered;</text>
    </level>
    <level label="2">
      <text>Affect the surety device filed by the licensee; or</text>
    </level>
    <level label="3">
      <text>Entitle the licensee to the return of any part of any fee.</text>
    </level>
  </level>
</section>
