In this chapter, the following terms have the meanings indicated. Terms Defined. “Breach of the security of a system” has the meaning stated in Commercial Law Article, §14-3504, Annotated Code of Maryland. “Business customer” means a person who supplies to a consumer reporting agency information for inclusion in a consumer report. “Collection agency” has the meaning stated in Business Regulation Article, §7-101, Annotated Code of Maryland. “Commissioner” has the meaning stated in Commercial Law Article, §14-1201, Annotated Code of Maryland. “Consumer” means an individual who resides in Maryland. “Consumer report” has the meaning stated in Commercial Law Article, §14-1201, Annotated Code of Maryland. Consumer Reporting Agency. “Consumer reporting agency” has the meaning stated in Commercial Law Article, §14-1201, Annotated Code of Maryland. “Consumer reporting agency” does not include a person who regularly extends credit to consumers and is: Licensed to extend credit by the Commissioner; or 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. “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. “File” has the meaning stated in Commercial Law Article, §14-1201, Annotated Code of Maryland. “Nationwide Mortgage Licensing System and Registry” or “NMLS” has the meaning stated in Financial Institutions Article, §11-501, Annotated Code of Maryland. “Person” has the meaning stated in Commercial Law Article, §14-1201, Annotated Code of Maryland. “Personal information” has the meaning stated in Commercial Law Article, §14-3501, Annotated Code of Maryland. “Simple and easy to understand” has the meaning stated in 16 CFR §642.2. “Specialty consumer reporting agency” means a consumer reporting agency that prepares and retains files for one or more of the following: Residential history; Tenant history; or Employment history.