2011 Vermont Code
Title 08 Banking and Insurance
Chapter 85 LOAN SERVICERS
§ 2912 Surrender of license; no effect on liability; reinstatement
§ 2912. Surrender of license; no effect on liability; reinstatement
(a) Any licensee may surrender any license by delivering to the commissioner the license and notice that the licensee thereby surrenders such license.
(b) Surrender shall not affect the licensee's administrative, civil, or criminal liability for acts committed prior to surrender. No revocation, suspension, refusal to renew, or surrender of any license shall impair or affect the obligation of any preexisting lawful contract.
(c) The commissioner shall have authority to reinstate revoked, suspended, terminated, expired, inactive, or nonrenewed licenses or to issue new licenses to a licensee whose license or licenses shall have been revoked, suspended, terminated, expired, inactive, or nonrenewed if no fact or condition then exists which clearly would have warranted the commissioner refusing originally to issue such license under this chapter. (Added 2009, No. 96 (Adj. Sess.), { 1, eff. Jan. 1, 2011.)
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
