[c#] Regular Expression for password validation

Is a regular expression an easier/better way to enforce a simple constraint than the more obvious way?

static bool ValidatePassword( string password )
{
  const int MIN_LENGTH =  8 ;
  const int MAX_LENGTH = 15 ;

  if ( password == null ) throw new ArgumentNullException() ;

  bool meetsLengthRequirements = password.Length >= MIN_LENGTH && password.Length <= MAX_LENGTH ;
  bool hasUpperCaseLetter      = false ;
  bool hasLowerCaseLetter      = false ;
  bool hasDecimalDigit         = false ;

  if ( meetsLengthRequirements )
  {
    foreach (char c in password )
    {
      if      ( char.IsUpper(c) ) hasUpperCaseLetter = true ;
      else if ( char.IsLower(c) ) hasLowerCaseLetter = true ;
      else if ( char.IsDigit(c) ) hasDecimalDigit    = true ;
    }
  }

  bool isValid = meetsLengthRequirements
              && hasUpperCaseLetter
              && hasLowerCaseLetter
              && hasDecimalDigit
              ;
  return isValid ;

}

Which do you think that maintenance programmer 3 years from now who needs to modify the constraint will have an easier time understanding?

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