(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.
Md. Code Ann., Fin. Inst. § 11-219
Known as the Maryland Consumer Loan Law
The act spans §§ 11–11 (26 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.