Sale of loan account to unlicensed person

  1. Law
  2. Maryland Code
  3. Financial Institutions
  4. Consumer Credit
  5. Consumer Loans -- Licensing Provisions
  6. Sale of loan account to unlicensed person

Checkout our iOS App for a better way to browser and research.

    (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.


Download our app to see the most-to-date content.