Section 3 AAC 11.990 - Definitions In this chapter, unless the context requires otherwise,
(1) "control person" means a key individual described in the deferred deposit advance license application form of the registry NMLS who directly or indirectly exercises control over the applicant. A member, partner, director, senior officer, or owner of 10 percent or more of the equity of the applicant for a or deferred deposit advance licensee;(2) "department" means the Department of Commerce, Community, and Economic Development; (3) "Form MU1" means the uniform company application developed and used by the registry;(4) "Form MU2" means the uniform individual statement and consent form developed and used by the registry;(5) "office manager" means an individual who is in charge of and responsible for the business operations of an office of a deferred deposit advance licensee; (6)' "other trade name" means a name other than the legal name of a business entity; (7)' "registry" means the Nationwide Multistate Licensing System and Registry (NMLS), a licensing system owned and operated by the State Regulatory Registry, LLC, for the licensing and registration of persons in the mortgage and other financial services industries;(7) "report of condition" means a quarterly report as required by the registry. Eff. 12/21/2019, Register 232, January 2020