Vermont § 2112 - Surrender of license; no effect on liability; reinstatement

§ 2112. Surrender of license; no effect on liability; reinstatement

• (a) A licensee may surrender a license by delivering to the Commissioner notice that the
  licensee surrenders the license. (b) Surrender shall not affect the licensee’s administrative, civil, or criminal liability
  for acts committed prior to surrender. A revocation, suspension, termination, refusal
  to renew, or surrender of a license does not impair or affect the obligation of a
  preexisting lawful contract. (c) The Commissioner may reinstate a revoked, suspended, terminated, expired, inactive,
  or nonrenewed license or issue a new license to a licensee whose license was revoked,
  suspended, terminated, expired, inactive, or nonrenewed if no fact or condition then
  exists that would have warranted the Commissioner to refuse to issue the license under
  this part; provided, however, that the Commissioner shall not issue a new license
  or reinstate a license to a mortgage loan originator whose license was revoked unless
  the revocation order is vacated. (Added 2019, No. 20, § 2.)