# Financial Institutions (GFI)

## Title 1. Definitions; General Provisions

### Subtitle 2. General Provisions

#### Section 1-213

(a)

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

  (2) "Credit union" has the meaning stated in Sec. 6-101 of this article.

  (3) "Savings and loan association" has the meaning stated in Sec. 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. Sec. 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.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)