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.]