Section 11-219 - Sale of loan account to unlicensed person.
§ 11-219. Sale of loan account to unlicensed person.
(a) Sale prohibited.- A licensee may not sell a loan account to any person who is not licensed under this subtitle.
(b) Account unenforceable if acquired by unlicensed person.- A loan account that is acquired by a person who is not licensed under this subtitle is not enforceable.
[An. Code 1957, art. 58A, § 15; 1980, ch. 33, § 2.]