Ch. 23

1997 LAWS OF MARYLAND

(2) If required by the licensee, accompanied by:

(i) An affidavit that gives the reason for the request and states the
facts relating to the loss of or other failure to produce the original payment instrument
[or traveler's check]; and

(ii) A personal indemnity bond or, if the total amount of the payment
instruments [or traveler's checks] for which a duplicate is requested is $50 or more, a
lost instrument corporate bond instead of a personal indemnity bond.

(b) Each licensee shall issue or refuse to issue a duplicate payment instrument
[or traveler's check] within 30 days after a request for the duplicate is made under this
section.

12-416.

Except as permitted by § 17-308.1 of the Commercial Law Article, a licensee may
not charge a service fee to any original buyer who redeems an unused payment instrument
[or traveler's check].

12-418.

(a) A licensee may surrender a license by sending to the Commissioner a written
statement that the license is surrendered. THE STATEMENT SHALL INCLUDE A LISTING,
BY IDENTIFYING NUMBER, FACE AMOUNT, AND PLACE OF ISSUE, OF ALL
OUTSTANDING PAYMENT INSTRUMENTS.

(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 bond filed or permissible investments deposited by the
licensee; or

(3) Entitle the licensee to the return of any part of any [license or agent]

fee.

12-419.

(a) To discover any violations of this subtitle or to obtain any information
required by this subtitle, the Commissioner at any time may investigate the business of:

(1) Any licensee;

(2) Any person who is engaged or participating in the business of [issuing or
selling payment instruments or traveler's checks] TRANSMITTING MONEY, whether as
principal, agent, or otherwise; and

(3) Any other person who the Commissioner has cause to believe is violating
this subtitle, whether that person claims to be within or beyond the scope of this subtitle.

(b) For the purposes of this section, the Commissioner:

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