The House of Delegates, which voted last month to raise the ceilings on interest rates for consumer loans, took a different stand yesterday when a hotly debated bill that would have given more relief to second-mortgage lenders failed by a narrow margin.

The bill, which is to be reconsidered Tuesday, would change present state law by allowing lenders to charge borrowers for mortgage insurance, credit reports and appraisal fees.

Del. Joseph F. Vallario (D-Prince George's), who led the attack against the measure, said the General Assembly already was bailing out the lending industry and that the measure was unnecessary.

"The guy who works for the banking industry has done a helluva job here and across the hall (in the Senate) these last five or six years," Vallario yelled out on the floor, inferring that the banking lobby has been more successful than is warranted. "He should get triple what he is making."

Del. John Quade (D-St. Mary's), chairman of the House Economic Matters subcommittee that voted favorably for the bill, said the measure was simply putting "the risk on lending industry."

Del. Ellen Sauerbrey (R-Baltimore County), the bill's chief sponsor, said the bill was necessary to get lenders to bring credit into the state.

The 68-to-61 roll call in favor of the bill failed by three votes to get the constitutional majority needed to pass it.