(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.