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<section article="gfi" article_name="Financial Institutions" number="2-105.1" future_version_removed="true" title_number="2" title_name="Commissioner and Boards" subtitle_number="1" subtitle_name="Commissioner of Financial Regulation">
  <level label="a">
    <level label="1">
      <text>In this section the following words have the meanings indicated.</text>
    </level>
    <level label="2">
      <text>“Collection agency” has the meaning stated in § 7–101 of the Business Regulation Article.</text>
    </level>
    <level label="3">
      <text>“Consumer reporting agency” has the meaning stated in § 14–1201 of the Commercial Law Article.</text>
    </level>
    <level label="4">
      <text>“Credit services business” has the meaning stated in § 14–1901 of the Commercial Law Article.</text>
    </level>
    <level label="5">
      <text>“Debt management services provider” has the meaning stated in § 12–901 of this article.</text>
    </level>
    <level label="6">
      <text>“Money transmission” has the meaning stated in § 12–401 of this article.</text>
    </level>
    <level label="7">
      <text>“Mortgage lender” has the meaning stated in § 11–501 of this article.</text>
    </level>
    <level label="8">
      <text>“Mortgage originator” has the meaning stated in § 11–601 of this article.</text>
    </level>
    <level label="9">
      <text>“Provide check cashing services” has the meaning stated in § 12–101 of this article.</text>
    </level>
    <level label="10">
      <text>“Sales finance company” has the meaning stated in § 11–401 of this article.</text>
    </level>
  </level>
  <level label="b">
    <text>The Commissioner may adopt and enforce regulations reasonably necessary to carry out the authority and responsibility of the office of Commissioner.</text>
  </level>
  <level label="c">
    <level label="1">
      <text>The Commissioner may participate in NMLS for:</text>
      <level label="i">
        <text>Collection agencies;</text>
      </level>
      <level label="ii">
        <text>Debt management services providers;</text>
      </level>
      <level label="iii">
        <text>Mortgage lenders;</text>
      </level>
      <level label="iv">
        <text>Mortgage originators;</text>
      </level>
      <level label="v">
        <text>Persons who engage in money transmission;</text>
      </level>
      <level label="vi">
        <text>Persons who are required to be licensed under Title 11, Subtitle 2 of this article;</text>
      </level>
      <level label="vii">
        <text>Persons who are required to be licensed under Title 11, Subtitle 3 of this article;</text>
      </level>
      <level label="viii">
        <text>Persons who are required to be licensed under Title 12, Subtitle 1 of this article;</text>
      </level>
      <level label="ix">
        <text>Persons who are required to be licensed under Title 14, Subtitle 19 of the Commercial Law Article;</text>
      </level>
      <level label="x">
        <text>Sales finance companies; and</text>
      </level>
      <level label="xi">
        <text>Consumer reporting agencies.</text>
      </level>
    </level>
    <level label="2">
      <text>To facilitate participation in NMLS, the Commissioner may adopt regulations that waive or modify the requirements of:</text>
      <level label="i">
        <text>Title 11, Subtitles 4, 5, and 6 of this article with respect to sales finance companies, mortgage lenders, and mortgage originators;</text>
      </level>
      <level label="ii">
        <text>Title 12, Subtitles 1, 4, and 9 of this article with respect to providers of check cashing services, persons who engage in money transmission, and providers of debt management services;</text>
      </level>
      <level label="iii">
        <text>Title 11, Subtitle 2 of this article;</text>
      </level>
      <level label="iv">
        <text>Title 11, Subtitle 3 of this article;</text>
      </level>
      <level label="v">
        <text>Title 7 of the Business Regulation Article with respect to collection agencies;</text>
      </level>
      <level label="vi">
        <text>Title 14, Subtitle 19 of the Commercial Law Article; and</text>
      </level>
      <level label="vii">
        <text>Title 14, Subtitle 12 of the Commercial Law Article.</text>
      </level>
    </level>
  </level>
</section>
