02-030-705 Me. Code R. § III

Current through 2024-51, December 18, 2024
Section 030-705-III - DEFINITIONS

For the purpose of this chapter, the following terms have the following meanings.

1. "Administrator" means the Superintendent of the Bureau of Consumer Credit Protection.
2. "Bureau" means the Maine Bureau of Consumer Credit Protection.
3. "Consumer Report" means a report prepared by a "Consumer Reporting Agency" as defined at 10 M.R.S. §1308(3).
4. "Controlling Interest" means an ownership interest of 25% or more in the applicant or an entity of which the applicant is a subsidiary.
5. "Debt Collector" has the meanings as set forth in 32 M.R.S. §11002(5-A) and (6).
6. "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) (previously the "Nationwide Mortgage Licensing System").

02-030 C.M.R. ch. 705, § III