Regulation .02 Definitions.
Regulation .02 Definitions.LinkCopy Citation
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.