Section 15-501 – Prohibition Against Certain Assignments or Transfers

    (a)    It is unlawful for a creditor who is a citizen of the State to assign or transfer a claim against a resident of the State:         (1)    For the purpose of having the claim collected by attachment in a court outside the State; or         (2)    With the intent to deprive the debtor of his rights under the laws […]

Section 15-502 – Liability of Creditor for Assigned or Transferred Debt

    (a)    If the creditor assigns or transfers the debt to a nonresident in violation of § 15-501 of this subtitle and the debt is collected by the assignee outside the State, the creditor is liable to the debtor for the full amount of the debt including collected interest and costs. In addition, the creditor forfeits his […]

Section 15-503 – Penalty for Assignment or Transfer

    Any creditor who violates any provision of § 15-501 of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $50.