Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 13-204: (a) A secured party may assign, absolutely or otherwise, any part of his security interest in a vehicle to a person other than its owner, without affecting the interest of the owner or the validity of the security interest
What this law says, in plain English
A secured party may assign its security interest in a vehicle to another person. The assignment becomes valid once the assignee files proper documents with the Administration and pays the required fee.
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