Maryland Financial Institutions Section 12-422

Article - Financial Institutions

§ 12-422.

      (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.



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