In this chapter, unless the context requires otherwise,

1. (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 deferred deposit advance licensee;
2. (2) "department" means the Department of Commerce, Community, and Economic Development;
3. (3) "Form MU1" means the uniform company application developed and used by the registry;
4. (4) "Form MU2" means the uniform individual statement and consent form developed and used by the registry;
5. (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. (6) "other trade name" means a name other than the legal name of a business entity;
7. (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;
8. (8) "report of condition" means a quarterly report as required by the registry.

(Eff. 12/21/2019, Register 232)

Authority: AS 06.50.600