Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 705 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT COLLECTOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS)
Section 030-705-III - DEFINITIONS
Current through 2024-38, September 18, 2024
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").
