Legislation

Title: Financial Institutions - Determination of Creditworthiness - Evaluation Rules and Alternative Methods
Sponsored by: Delegate Queen
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 426
Analysis: Fiscal and Policy Note (Revised)

Synopsis

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.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2021

History

Legislation History
Chamber House Calendar Date 2/08/2021 Legislative Date 2/08/2021 Action First Reading Economic Matters Proceedings
Chamber House Calendar Date 2/09/2021 Legislative Date 2/09/2021 Action Hearing 2/24 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Determination of Creditworthiness - Alternative Methods Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/17/2021 Legislative Date 3/17/2021 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/17/2021 Legislative Date 3/06/2021 Action Favorable with Amendments {223695/1 Adopted Proceedings 25AClick to view Recorded Media
Chamber House Calendar Date 3/17/2021 Legislative Date 3/06/2021 Action Second Reading Passed with Amendments Proceedings 25AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Determination of Creditworthiness - Evaluation Rules and Alternative Methods Proceedings
Chamber House Calendar Date 3/18/2021 Legislative Date 3/07/2021 Action Third Reading Passed (100-37) Proceedings 26 Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2021 Legislative Date 2/28/2021 Action Referred Finance Proceedings 28BClick to view Recorded Media
Chamber Senate Calendar Date 3/23/2021 Legislative Date 3/23/2021 Action Hearing 3/30 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/02/2021 Legislative Date 4/02/2021 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 4/06/2021 Legislative Date 3/14/2021 Action Favorable Adopted Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2021 Legislative Date 3/14/2021 Action Second Reading Passed Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 4/08/2021 Legislative Date 3/17/2021 Action Third Reading Passed (47-0) Proceedings 42AClick to view Recorded Media
Chamber House Calendar Date 4/08/2021 Legislative Date 3/23/2021 Action Returned Passed Proceedings 42 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/30/2021 Legislative Date 5/30/2021 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 426 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Institutions - Determination of Creditworthiness - Evaluation Rules and Alternative Methods Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/08/2021	2/08/2021	First Reading Economic Matters
House	2/09/2021	2/09/2021	Hearing 2/24 at 1:30 p.m.
			Text - First - Financial Institutions - Determination of Creditworthiness - Alternative Methods
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/17/2021	3/17/2021	Favorable with Amendments Report by Economic Matters
House	3/17/2021	3/06/2021	Favorable with Amendments {223695/1 Adopted	25AClick to view Recorded Media
House	3/17/2021	3/06/2021	Second Reading Passed with Amendments	25AClick to view Recorded Media
			Text - Third - Financial Institutions - Determination of Creditworthiness - Evaluation Rules and Alternative Methods
House	3/18/2021	3/07/2021	Third Reading Passed (100-37)	26 Click to view Recorded Media
Senate	3/19/2021	2/28/2021	Referred Finance	28BClick to view Recorded Media
Senate	3/23/2021	3/23/2021	Hearing 3/30 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/02/2021	4/02/2021	Favorable Report by Finance
Senate	4/06/2021	3/14/2021	Favorable Adopted	41 Click to view Recorded Media
Senate	4/06/2021	3/14/2021	Second Reading Passed	41 Click to view Recorded Media
Senate	4/08/2021	3/17/2021	Third Reading Passed (47-0)	42AClick to view Recorded Media
House	4/08/2021	3/23/2021	Returned Passed	42 Click to view Recorded Media
Post Passage	5/30/2021	5/30/2021	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 426
			Text - Chapter - Financial Institutions - Determination of Creditworthiness - Evaluation Rules and Alternative Methods

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