MD HB1213 | 2021 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 30 2021 - 100% progression
Action: 2021-05-30 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 426
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 30 2021 - 100% progression
Action: 2021-05-30 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 426
Text: Latest bill text (Chaptered) [PDF]
Summary
Requiring certain credit grantors to adhere to certain rules concerning evaluations of applications and, under certain circumstances, consider alternative methods of evaluating an applicant's creditworthiness when evaluating an application for a primary residential mortgage loan or an extension of credit.
Title
Financial Institutions - Determination of Creditworthiness - Evaluation Rules and Alternative Methods
Sponsors
Roll Calls
2021-04-08 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2021-03-18 - House - Third Reading Passed (Y: 100 N: 37 NV: 1 Abs: 3) [PASS]
2021-03-18 - House - Third Reading Passed (Y: 100 N: 37 NV: 1 Abs: 3) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2021-05-30 | House | Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 426 |
| 2021-04-08 | House | Returned Passed |
| 2021-04-08 | Senate | Third Reading Passed (47-0) |
| 2021-04-06 | Senate | Second Reading Passed |
| 2021-04-06 | Senate | Favorable Adopted |
| 2021-04-02 | Senate | Favorable Report by Finance |
| 2021-03-23 | Senate | Hearing 3/30 at 1:00 p.m. |
| 2021-03-19 | Senate | Referred Finance |
| 2021-03-18 | House | Third Reading Passed (100-37) |
| 2021-03-17 | House | Second Reading Passed with Amendments |
| 2021-03-17 | House | Favorable with Amendments {223695/1 Adopted |
| 2021-03-17 | House | Favorable with Amendments Report by Economic Matters |
| 2021-02-09 | House | Hearing 2/24 at 1:30 p.m. |
| 2021-02-08 | House | First Reading Economic Matters |
Subjects
Banks and Trust Companies
Commercial Law - Credit Regulation
Community Development
Credit
Credit Unions
Education
Financial Institutions
Loans
Mortgages
Residential Property
Savings and Loan Associations
Utilities
Work, Labor, and Employment
Commercial Law - Credit Regulation
Community Development
Credit
Credit Unions
Education
Financial Institutions
Loans
Mortgages
Residential Property
Savings and Loan Associations
Utilities
Work, Labor, and Employment
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Financial Institutions | 1 | 101 | (n/a) | See Bill Text |
| Financial Institutions | 1 | 212 | (n/a) | See Bill Text |
