In most cases, a Money Services Business cannot cancel its bond before it expires. The bond is a legally binding contract between the MSB, the surety firm, and the state regulatory authorities. It offers financial security and ensures the MSB's compliance with applicable rules and regulations for a certain length of time. The MSB cannot terminate the bond unilaterally once it is in effect. However, upon renewal, the MSB may be able to change surety companies or increase the bond amount if required.