1432                                        LAWS OF MARYLAND                       [Ch. 346

Approved April 30, 1974.

CHAPTER 347
(Senate Bill 488)
AN ACT concerning

Alimony - Eligibility for Credit

FOP the purpose of providing that alimony payments to a
divorced person shall be considered as income by any
persons for the purpose of eligibility for the
extension of credit.

BY adding to

[[Article 16 — Chancery

Section 5B

Annotated Code of Maryland

(1973 Replacement Volume and 1973 Supplement) ]]

Article 83 — Sales and Notices

Section 153C(i)

Annotated Code of Maryland

(1969 Replacement Volume and 1973 Supplement

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section [[5B]] 153C(i) be and it is
hereby added to Article [[16 - Chancery,]] 83 - Sales and
Notices, of the Annotated Code of Maryland ([[1973]] 1969
Replacement Volume and 1973 Supplement) to read as
follows:

[[Article 16 - Chancery]]
Article 83 — Sales and Notices

ANY [[SUCH]] ALIMONY DULY AWARDED BY A COURT DECREE
SHALL BE CONSIDERED AS INCOME TO THE RECIPIENT FOR THE
PURPOSE OF CONSIDERING THE RECIPIENT'S ELIGIBILITY FOR AN
EXTENSION OF CREDIT FOR PERSONAL, HOUSEHOLD OR FAMILY USE
BY THE RECIPIENT.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.