(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.
Structure Maryland Statutes
Subtitle 2 - Consumer Loans -- Licensing Provisions
Section 11-202 - Scope of Subtitle
Section 11-203 - Rules and Regulations
Section 11-203.1 - Licensing Requirements and Process
Section 11-203.2 - Confidentiality of Information
Section 11-204 - Permitted and Prohibited Loan Activities
Section 11-205 - Qualifications of Applicant for License
Section 11-206 - Applications for Licenses
Section 11-207 - Investigation of Application; Issuance of License or Denial of Application
Section 11-208 - Contents and Scope of Licenses; Additional Licenses
Section 11-209 - Term and Renewal of Licenses
Section 11-209.1 - Surrender of License
Section 11-210 - License Not Transferable; Display
Section 11-211 - Change of Location
Section 11-213 - Licensee to Keep Books and Records
Section 11-214 - Investigatory Powers of Commissioner
Section 11-215 - Cease and Desist Orders
Section 11-216 - Suspensions and Revocations
Section 11-218 - Judicial Review
Section 11-219 - Sale of Loan Account to Unlicensed Person
Section 11-220 - Reporting of Criminal Violations
Section 11-221 - Interpretation and Construction of Subtitle