Code of Massachusetts Regulations
209 CMR - DIVISION OF BANKS AND LOAN AGENCIES
Title 209 CMR 48.00 - Licensee Record Keeping
Section 48.02 - Definitions
The following words shall have the following meanings:
Commissioner. The Commissioner of Banks.
Commonwealth. The Commonwealth of Massachusetts.
Electronic. Relating to technology as having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities.
Electronic Record. A record created, generated, sent, communicated, received or stored by electronic means.
Examination. The examination or inspection of a licensee's books and records as required by applicable statute.
Licensee. Any person who is registered as a third party loan servicer under the provisions of M.G.L. c. 93, §§ 24 through 28 or any person who is licensed as: a debt collector under the provisions of M.G.L. c. 93, §§ 24 through 28; a student loan servicer or an automatic federal student loan servicer under the provisions of M.G.L. c. 93L; a small loan company under the provisions of M.G.L. c. 140, §§ 96 through 114A; a check seller under the provisions of M.G.L. c. 167F, § 4; a foreign transmittal agency under the provisions of M.G.L. c. 169; a check casher under the provisions of M.G.L. c. 169A; a motor vehicle sales finance company under the provisions of M.G.L. c. 255B; an insurance premium finance agency under the provisions of M.G.L. c. 255C; a retail installment sales finance company under the provisions of M.G.L. c. 255D; or a mortgage lender or a mortgage broker under the provisions of M.G.L. c. 255E.
NMLS. The Nationwide Multi-state Licensing System & Registry, a multistate licensing system owned and operated by the State Regulatory Registry LLC (SRR), a wholly owned subsidiary of the Conference of State Bank Supervisors (CSBS), an association of state financial services regulators.
Person. A natural person or an organization including a corporation, a limited liability company or partnership, partnership, association, cooperative or trust.
You. A licensee.
