1973]                   OF THE HOUSE OF DELEGATES                       95

"(b) ANY LENDER REGULATED UNDER ARTICLE 11 OF
THIS CODE AND ANY LENDER REGULATED BY THE BOARD
OF BUILDING, SAVINGS AND LOAN ASSOCIATION COMMIS-
SIONERS SHALL MAKE ALL LOANS UNDER THE PROVISIONS
OF THIS SECTION IN THE COUNTIES OF THE STATE AND
BALTIMORE CITY IN REASONABLE RELATION TO THE RA-
TIO THAT THE TOTAL VALUE OF THE MONIES INVESTED
WITH THE LENDER BY RESIDENTS OF ANY COUNTY OR
BALTIMORE CITY BEARS TO THE TOTAL VALUE OF ALL
MONIES INVESTED WITH THE LENDER. THE LENDER SHALL
FURNISH A REPORT, WITHIN THIRTY DAYS FOLLOWING
THE CLOSE OF EACH QUARTER OF THE CALENDAR YEAR,
TO THE BANK COMMISSIONER OR THE DIRECTOR OF THE
DIVISION OF BUILDING, SAVINGS AND LOAN ASSOCIATIONS
AS TO COMPLIANCE WITH THIS SUBSECTION AND THE BANK
COMMISSIONER AND THE DIRECTOR OF THE DIVISION OF
BUILDING, SAVINGS AND LOAN ASSOCIATIONS SHALL BE
RESPONSIBLE FOR REQUIRING THE LENDER TO COMPLY
WITH THE PROVISIONS OF THIS SUBSECTION.

Which amendments were read and rejected by roll call.

Affirmative

Delegates—

Startt, Mackie, King, Lombardi, Knoll, Hickman, R. O., Hutton, Bonvegna,
Dypski, Antonelli, Brown, Chester, Douglass, J. W., Heintz, McCarty, Raymond,
Harrison, O'Brien, Robey, Boswell, Brailey, Conaway, Dixon, Douglass, C. A., Lee,
Randolph, Cardin, Dean, Howell, Sklar, Webster, Avara, Baumann, Murphy, Rut-
kowski, Grumbacher, Docter, Ruben, Bolden.                                                 Total—39

Negative

Delegates—

McKay, Sachs, Rymer, Compton, Nimmerrichter, Arata, Dantoni, Malone, Hop-
kins, Stroble, Boozer, Einschutz, Heffner, Dorman, Menes, Foley, Hull, Pesci, Redding,
Sullivan. Blumenthal, Donovan, Miller, Rummage, Wolfgang, Virts, Livezey, Curran,
Abramson, Allen, W. M., Doolan, Levitan, Maddox, Robertson, Shore, Becker, Bell,
Maurer, Owens, Sloan, Williams.                                                                  Total—41

AMENDMENT TO THE AMENDMENTS TO
HOUSE BILL NO. 21

By Delegate Nichols offered from floor:

After line 12 of Amendment No. 8 by the Committee on page 2 of the
Committee Amendments insert:

"(E) ANY FUNDS FOR PAYMENT OF TAXES, INSURANCE
OR OTHER EXPENSES SHALL BE BY THE "DIRECT REDUC-
TION METHOD". UNDER THIS METHOD, PAYMENTS MADE
BY THE MORTGAGEE TO COVER FUTURE TAX, INSURANCE
OR OTHER TYPES OF PAYMENTS NECESSARY TO PROTECT
THE INTERESTS OF THE MORTGAGOR SHALL REDUCE THE
OUTSTANDING AMOUNT OF THE LOAN AND DIRECTLY RE-
DUCE THE AMOUNT OF THE NEXT MONTH'S INTEREST
PAYMENT. IF THE MORTGAGOR PAYS ANNUAL TAXES, IN-
SURANCE OR OTHER PAYMENTS AS AGREED UPON BE-
TWEEN THE MORTGAGOR AND MORTGAGEE IN THEIR
CONTRACT, THE AMOUNT OF THE PAYMENTS SHALL BE
ADDED TO THE OUTSTANDING AMOUNT OF THE LOAN."