For the purposes of this chapter, the term, registered mortgage loan originator, means any individual who:

1. (1) Meets the definition of mortgage loan originator and is an employee of:

   1. (a) A depository institution;
   2. (b) A subsidiary that is owned and controlled by a depository institution and regulated by a federal banking agency; or
   3. (c) An institution regulated by the Farm Credit Administration; and
2. (2) Is registered with, and maintains a unique identifier through, the nationwide mortgage licensing system and registry.

Source: SL 2009, ch 251 , § 5.