<?xml version='1.0' encoding='utf-8'?>
<subtitle article="gfi" title_number="1" subtitle_number="1" title_name="Definitions; General Provisions" subtitle_name="Definitions">
  <section article="gfi" article_name="Financial Institutions" number="1-101" title_number="1" title_name="Definitions; General Provisions" subtitle_number="1" subtitle_name="Definitions">
    <level label="a">
      <text>In this article, unless the context clearly requires otherwise, the following words have the meanings indicated.</text>
    </level>
    <level label="b">
      <text>“Address” means post office address, including, if applicable, street and number, municipal area or county, state, and, if outside of the United States, country.</text>
    </level>
    <level label="c">
      <text>“Any state” means:</text>
      <level label="1">
        <text>Any state, possession, or territory of the United States;</text>
      </level>
      <level label="2">
        <text>The District of Columbia; or</text>
      </level>
      <level label="3">
        <text>The Commonwealth of Puerto Rico.</text>
      </level>
    </level>
    <level label="d">
      <text>“Banking institution” means an institution that is incorporated under the laws of this State as a State bank, trust company, or savings bank.</text>
    </level>
    <level label="e">
      <text>“Charter” has the meaning stated in § 1–101 of the Corporations and Associations Article.</text>
    </level>
    <level label="f">
      <text>“Commercial bank” means an institution that is incorporated under the laws of this State as a State bank or trust company.</text>
    </level>
    <level label="g">
      <text>“Commissioner” means the Commissioner of Financial Regulation in the Maryland Department of Labor.</text>
    </level>
    <level label="h">
      <text>“County” means a county of this State and, unless otherwise indicated, Baltimore City.</text>
    </level>
    <level label="i">
      <text>“Credit union” means a credit union that is incorporated under the laws of this State as a credit union.</text>
    </level>
    <level label="j">
      <text>“Financial institution” means any financial institution of the type supervised under this article, whether or not State–chartered.</text>
    </level>
    <level label="k">
      <level label="1">
        <text>“Foreign bank” means any financial institution or other institution that engages in banking activities that are usual in connection with the business of banking in the nations in which the institution is organized or operates.</text>
      </level>
      <level label="2">
        <text>“Foreign bank” does not include a bank organized under the laws of any state or a national banking association that has its headquarters in any state.</text>
      </level>
    </level>
    <level label="l">
      <text>“Includes” or “including” means includes or including by way of illustration and not by way of limitation.</text>
    </level>
    <level label="m">
      <text>“Mail” means to deposit in the United States mail, postage prepaid.</text>
    </level>
    <level label="n">
      <text>“Mortgage” includes a deed of trust that secures a debt or the performance of an obligation.</text>
    </level>
    <level label="o">
      <text>“Municipal area” means a municipal corporation or an unincorporated city, town, or village.</text>
    </level>
    <level label="p">
      <text>“National banking association” means an institution that is incorporated under federal law as a bank.</text>
    </level>
    <level label="q">
      <text>“Nationwide Multistate Licensing System” or “NMLS” means a multistate uniform licensing system developed and maintained by the Conference of State Bank Supervisors, or by a subsidiary or an affiliate of the Conference of State Bank Supervisors, that may be used for the licensing and registration of persons required to be licensed or registered under this article or the Commercial Law Article.</text>
    </level>
    <level label="r">
      <text>“Other–state bank” means a bank chartered and primarily regulated by another state.</text>
    </level>
    <level label="s">
      <text>“Other–state credit union” means a credit union chartered and primarily regulated by another state.</text>
    </level>
    <level label="t">
      <text>“Person” means an individual, receiver, trustee, guardian, personal representative, fiduciary, or representative of any kind and any partnership, firm, association, corporation, or other entity.</text>
    </level>
    <level label="u">
      <text>“Political subdivision” means:</text>
      <level label="1">
        <text>A county or municipal corporation of this State; and</text>
      </level>
      <level label="2">
        <text>Unless the context requires otherwise, a special taxing district of this State.</text>
      </level>
    </level>
    <level label="v">
      <text>“Real property” includes any interest in real property.</text>
    </level>
    <level label="w">
      <text>“Regulated entity” means a person who is licensed or chartered by the Office of Financial Regulation.</text>
    </level>
    <level label="x">
      <level label="1">
        <text>“Third–party service provider” means a person who performs activities relating to financial services on behalf of a regulated entity for that regulated entity’s customers.</text>
      </level>
      <level label="2">
        <text>“Third–party service provider” includes a person who provides:</text>
        <level label="i">
          <text>Data processing services;</text>
        </level>
        <level label="ii">
          <text>Activities that support financial services, including:</text>
          <level label="1">
            <text>Lending;</text>
          </level>
          <level label="2">
            <text>Funds transfer;</text>
          </level>
          <level label="3">
            <text>Fiduciary activities;</text>
          </level>
          <level label="4">
            <text>Trading activities; and</text>
          </level>
          <level label="5">
            <text>Deposit taking;</text>
          </level>
        </level>
        <level label="iii">
          <text>Internet–related services, including:</text>
          <level label="1">
            <text>Web services and electronic bill payments;</text>
          </level>
          <level label="2">
            <text>Mobile applications;</text>
          </level>
          <level label="3">
            <text>System and software development and maintenance; and</text>
          </level>
          <level label="4">
            <text>Security monitoring; or</text>
          </level>
        </level>
        <level label="iv">
          <text>Any other similar activity the Commissioner designates by regulation as related to financial services.</text>
        </level>
      </level>
      <level label="3">
        <text>“Third–party service provider” does not include:</text>
        <level label="i">
          <text>A provider of an interactive computer service or a general audience Internet or communications platform, except to the extent that the service or platform is specially designed or adapted for financial services and activities related to financial services; or</text>
        </level>
        <level label="ii">
          <text>Any person that controls, or is under common control with, an entity licensed by the Commissioner unless the person performs for the licensed entity any of the activities described in paragraph (2) of this subsection.</text>
        </level>
      </level>
    </level>
    <level label="y">
      <text>“Uniformed services” has the meaning stated in § 9–901 of the State Government Article.</text>
    </level>
  </section>
</subtitle>