§ 11-219

Md. Code Ann., Fin. Inst. § 11-219

Purchase of account by unlicensed person prohibited

Effective Jul 1, 1980Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.State of Maryland

(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.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.

Formerly Art. 58A, § 15.