{"data":{"id":"us-md/md.-code-financial-institutions-1-213","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 1–213","heading":"","body":"(a) (1) In this section the following words have the meanings indicated.\n(2) “Credit union” has the meaning stated in § 6–101 of this article.\n(3) “Savings and loan association” has the meaning stated in § 8–101 of this article.\n(b) This section applies only to:\n(1) A banking institution;\n(2) A credit union;\n(3) A savings and loan association;\n(4) A community development financial institution; and\n(5) A credit grantor regulated under Title 11 of this article.\n(c) When evaluating an application for a primary residential mortgage loan or an extension of credit, an entity subject to this section shall:\n(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:\n(i) History of rent or mortgage payments;\n(ii) History of utility payments;\n(iii) School attendance; and\n(iv) Work attendance; and\n(2) If the applicant requests, consider other verifiable alternative indications of creditworthiness presented or made available to the entity by the applicant.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=1-213","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"8b4443ba9ffba96695b54bee31b8bae15add8716ff458a3696a2f2baa4db8f92","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-1-212","next":"us-md/md.-code-financial-institutions-1-301"},"notice":"GroundRules: Original legal text. Not legal advice."}