Qualified individual licensee definition

Qualified individual licensee means an individual [licensed as
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Qualified individual licensee means an individual [licensed as a residential mortgage lender or residential mortgage broker,] who is required to be licensed under this act as a condition for a person to be issued or hold a license as a business licensee, whereby the individual: (1) meets, at a minimum, the licensing criteria applicable to a mortgage loan originator; and (2) is an officer, director, partner, owner, or principal of the business licensee.
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Related to Qualified individual licensee

  • Qualified individual means an individual who:

  • Section 409A means Section 409A of the Code and the regulations and other guidance promulgated thereunder.

  • Restricted use pesticide means any pesticide or device which, when used as directed or in accordance with a widespread and commonly recognized practice, the director determines, subsequent to a hearing, requires additional restrictions for that use to prevent unreasonable adverse effects on the environment including people, lands, beneficial insects, animals, crops, and wildlife, other than pests.

  • Qualified employee means an individual who:

  • Covered individual means a person or entity who is a member of any of the following classes:

  • Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.