Maryland § 1-213

§ 1-213.

    (a)    (1)    In this section the following words have the meanings indicated.

        (2)    “Credit union” has the meaning stated in § 6–101 of this article.

        (3)    “Savings and loan association” has the meaning stated in § 8–101 of this article.

    (b)    This section applies only to:

        (1)    A banking institution;

        (2)    A credit union;

        (3)    A savings and loan association;

        (4)    A community development financial institution; and

        (5)    A credit grantor regulated under Title 11 of this article.

    (c)    When evaluating an application for a primary residential mortgage loan or an extension of credit, an entity subject to this section shall:

        (1)    Adhere to the rules concerning evaluations of applications established under 12 C.F.R. § 1002.6, including consideration of the following verifiable alternative indications of creditworthiness presented or made available to the entity by the applicant:

            (i)    History of rent or mortgage payments;

            (ii)    History of utility payments;

            (iii)    School attendance; and

            (iv)    Work attendance; and

        (2)    If the applicant requests, consider other verifiable alternative indications of creditworthiness presented or made available to the entity by the applicant.