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Section 11-219 - Sale of Loan Account to Unlicensed Person — Maryland Law | CourtGPT
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  4. Financial Institutions - Title 1 - Definitions; General Provisions/
  5. Title 11 - Consumer Credit/
  6. Subtitle 2 - Consumer Loans -- Licensing Provisions/
  7. Section 11-219 - Sale of Loan Account to Unlicensed Person
Maryland Legal Code

Section 11-219 - Sale of Loan Account to Unlicensed Person

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(a) A licensee may not sell a loan account to any person who is not licensed under this subtitle. (b) A loan account that is acquired by a person who is not licensed under this subtitle is not enforceable.