§ 12-422. Voluntary surrender of license

MD Fin Inst Code § 12-422 (2019) (N/A)
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(a)    (1)    A licensee may surrender a license by sending to the Commissioner a written statement that the license is surrendered.

(2)    The statement shall provide a listing, by identifying number, face amount, and place of issue, of all outstanding payment instruments, 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.