Md. Code, Financial Institutions § 12-422
Md. Code, Financial Institutions § 12-422
in effect(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.
(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=12-422&enactments=falseFetched: 10/17/2026