(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.