02-030-709 Me. Code R. § III

Current through 2024-46, November 13, 2024
Section 030-709-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."Authorized delegate" means an entity as defined in 32 M.R.S. §6102(3).
3. "Bureau" means the Maine Bureau of Consumer Credit Protection.
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."Money transmitter" means an entity required to be licensed to perform money transmission under 32 M.R.S. §6103.
6."Nationwide Multistate Licensing System," herein referred to as "NMLS," means the nationwide multi-state 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. 709, § III