Section 030-601-III - DEFINITIONSFor the purpose of this Chapter, the following terms have the indicated meanings:
A. "Bureau" means the Maine Bureau of Consumer Credit Protection.B. "Change of control" means a change of 25% or more in the direct or indirect ownership of the applicant.C. "Controlling person" means a person, wherever located in the chain of ownership of the applicant, who controls 25% or more of the ownership interests in the applicant.D. "Exempt Person" has the meaning set forth in 9-A M.R.S. §§ 14-104(8) and 14-107(1).E. "Nationwide Multistate Licensing System," herein referred to as "NMLS," means the nationwide multistate licensing system and registry for mortgage lender licensing and loan brokering referred to in 9-A M.R.S. § 13-102(8) as the "Nationwide Mortgage Licensing System."F. "Nonconforming payment" has the meaning set forth in 9-A M.R.S. §14-108(1).G. "Ombudsman" means the student loan ombudsman designated by the Superintendent pursuant to 9-A M.R.S. § 14-104.H. "Person" includes a natural person (an individual), a corporation, an organization, and an association.I. "Student education loan" has the meaning set forth in 9-A M.R.S. §14-103(3).J. "Student loan servicer" has the meaning set forth in 9-A M.R.S. §14-103(4).K. "Superintendent" means the Superintendent of the Maine Bureau of Consumer Credit Protection.02-030 C.M.R. ch. 601, § III