Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 03 - COMMISSIONER OF FINANCIAL REGULATION
Chapter 09.03.07 - Credit Reporting Agencies
Section 09.03.07.02 - Definitions
Universal Citation: MD Code Reg 09.03.07.02
Current through Register Vol. 51, No. 19, September 20, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Breach of the security of a system" has
the meaning stated in Commercial Law Article, §14-3504, Annotated
Code of Maryland.
(2) "Business
customer" means a person who supplies to a consumer reporting agency
information for inclusion in a consumer report.
(3) "Collection agency" has the meaning stated in
Business Regulation Article, §7-101, Annotated
Code of Maryland.
(4)
"Commissioner" has the meaning stated in Commercial Law Article, §14-1201, Annotated
Code of Maryland.
(5) "Consumer"
means an individual who resides in Maryland.
(6) "Consumer report" has the meaning stated in
Commercial Law Article, §14-1201, Annotated
Code of Maryland.
(7) Consumer
Reporting Agency.
(a) Consumer reporting
agency has the meaning stated in Commercial Law Article, §14-1201, Annotated
Code of Maryland.
(b) "Consumer
reporting agency" does not include a person who regularly extends credit to
consumers and is:
(i) Licensed to extend
credit by the Commissioner; or
(ii)
A financial institution chartered under the laws of this State or the laws of
the United States, the lending operators of which are subject to supervision,
examination, and regulation by a State or federal agency.
(8) "Control person" means a
person who has the power, directly or indirectly, to direct the management or
policies of a consumer reporting agency, whether through ownership of
securities, by contract, or otherwise.
(9) "File" has the meaning stated in Commercial Law
Article, §14-1201, Annotated
Code of Maryland.
(10) "Nationwide
Mortgage Licensing System" and Registry" or "NMLS" has the meaning stated in
Financial Institutions Article, §11-501,
Annotated Code of Maryland.
(11)
"Person" has the meaning stated in Commercial Law Article, §14-1201, Annotated
Code of Maryland.
(12) "Personal
information" has the meaning stated in Commercial Law Article, §14-3501, Annotated
Code of Maryland.
(13) "Simple and
easy to understand" has the meaning stated in
16 CFR § 642.2.
(14) "Specialty consumer reporting agency"
means a consumer reporting agency that prepares and retains files for one or
more of the following:
(a) Residential
history;
(b) Tenant history;
or
(c) Employment
history.
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