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§ 11-219. Purchase of account by unlicensed person prohibited

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 2. Consumer Loans--Licensing Provisions (Refs & Annos)
MD Code, Financial Institutions, § 11-219
§ 11-219. Purchase of account by unlicensed person prohibited
Currentness
In general
(a) A licensee may not sell a loan account to any person who is not licensed under this subtitle.
Loan account acquired by non-licensed person not enforceable
(b) A loan account that is acquired by a person who is not licensed under this subtitle is not enforceable.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 58A, § 15.
MD Code, Financial Institutions, § 11-219, MD FIN INST § 11-219
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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