§ 12-902. Applicability

   This subtitle does not apply to:

   (1) The following persons when engaged in the regular course of their respective businesses and professions:

      (i) An attorney at law;

      (ii) An escrow agent;

      (iii) A certified public accountant;

      (iv) A banking institution, other-state bank, national banking association, credit union, or savings and loan association;

      (v) A person that:

         1. Provides bill payer services, as defined in § 12-401 of this title;

         2. Does not initiate any contract with individual creditors of the debtor to compromise a debt or arrange a new payment schedule; and

         3. Does not provide any debt counseling services;

      (vi) A person that provides accelerated mortgage payment services, as defined in § 12-401 of this title;

      (vii) A title insurer, title insurance agency, or abstract company; or

      (viii) A judicial officer or a person acting under a court order;

   (2) A person while performing services incidental to the dissolution, winding up, or liquidation of a partnership, corporation, or other business enterprise;

   (3) A trade or mercantile association acting in the course of arranging the adjustment of debts with a business establishment; or

   (4) A mortgage lender, as defined in § 11-501 of this article, that:

      (i) Is licensed by the Commissioner; and

      (ii) Does not receive funds from a consumer for the purpose of distributing the funds among the consumer's creditors in full or partial payment of the consumer's debts.

HISTORY: 2003, chs. 374, 375; 2005, ch. 132, § 1.