In this chapter, the following terms have the meanings indicated. Terms Defined. “Applicant” means an individual applying for a license. “Average prime offer rate” has the meaning stated in 12 CFR Part 1026, as may be amended from time to time. “Commissioner” has the meaning stated in Financial Institutions Article, §1-101, Annotated Code of Maryland. “Continuing education” or “course” means an educational program related to mortgage lending or brokering which contributes directly to the enhancement of professional competence of a mortgage loan originator to engage in the mortgage lending business, as defined in Financial Institutions Article, §11-501, Annotated Code of Maryland. “Dwelling” has the meaning stated in Financial Institutions Article, §11-501, Annotated Code of Maryland. “Higher-priced mortgage loan” has the meaning stated in 12 CFR Part 1026 as may be amended from time to time. “License” has the meaning stated in Financial Institutions Article, §11-601, Annotated Code of Maryland. “Licensed location” means any location listed by the licensee in NMLS. “Licensee” has the meaning stated in Financial Institutions Article, §11-601, Annotated Code of Maryland. “Mortgage lending business” has the meaning state in Financial Institutions Article, §11-501, Annotated Code of Maryland. “Mortgage loan” has the meaning stated in Financial Institutions Article, §11-501, Annotated Code of Maryland. “Mortgage loan originator” has the meaning stated in Financial Institutions Article, §11-601, Annotated Code of Maryland. “NMLSR” has the meaning stated in Financial Institutions Article, §11-501, Annotated Code of Maryland. “Residential real estate” has the meaning stated in Financial Institutions Article, §11-501, Annotated Code of Maryland.