§454F-2  Exemptions.  This chapter shall not apply to the following:

     (1)  An exempt registered mortgage loan originator when acting for an insured depository institution or an institution regulated by the Farm Credit Administration;

     (2)  Any individual who offers or negotiates terms of a residential mortgage loan with, or on behalf of, an immediate family member of the individual;

     (3)  Any individual who offers or negotiates terms of a residential mortgage loan secured by a dwelling that served as the individual's residence;

     (4)  A licensed attorney who negotiates the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of the client unless the attorney is compensated by a lender, a mortgage loan originator company, or other mortgage loan originator or by an agent of a lender, mortgage loan originator company, or other mortgage loan originator;

     (5)  A person or entity that only performs real estate brokerage activities and is licensed or registered by the State unless the person or entity is compensated by a lender, a mortgage loan originator company, or other mortgage loan originator or by an agent of the lender, mortgage loan originator company, or other mortgage loan originator;

     (6)  A person or entity solely involved in extensions of credit relating to timeshare plans, as the term is defined in title [11] United States Code section 101(53D);

     (7)  An exempt sponsoring mortgage loan originator company as defined by this chapter except as otherwise provided by this chapter;

     (8)  An insured depository institution;

     (9)  An institution regulated by the Farm Credit Administration; or

    (10)  Employees of government agencies or of housing finance agencies who act as mortgage loan originators. [L Sp 2009, c 32, pt of §2; am L 2010, c 84, §9; am L 2011, c 194, §4; am L 2012, c 252, §7]