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§ 12-422. Surrender of license

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2021

West's Annotated Code of Maryland
Financial Institutions
Title 12. Miscellaneous Institutions and Activities
Subtitle 4. Maryland Money Transmission Act
Effective: October 1, 2021
MD Code, Financial Institutions, § 12-422
§ 12-422. Surrender of license
Currentness
In general
(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.
Liability of licensee for acts committed before surrender of license
(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.

Credits

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.
MD Code, Financial Institutions, § 12-422, MD FIN INST § 12-422
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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