§412:9-309  Assignments, sale or pledge ofloans.  Any loan made under this article may be assigned, sold, or pledgedin whole or in part to any person.  That person may charge, contract for, andreceive interest on, and enforce the terms of, the loan to the same extentpermitted except for the assignment, sale, or pledge; provided that no loanshall be assigned, sold or pledged to another person doing business in theState unless that other person is a financial institution or has the right tocharge, contract for, or receive interest at the same interest rate and on thesame terms as provided for in the loan, and if there is an assignment or sale,that loan is assigned or sold without recourse.  Notwithstanding the foregoing,any financial services loan company may assign loans to a person or personsthat are not financial institutions for purposes of collection of delinquentpayments.  That person or persons may enforce the terms of the loan to the sameextent as the financial services loan company that originated the loan. [L1993, c 350, pt of §1]