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 who is admitted to the Maryland Bar while the attorney at law is providing professional legal services in an attorney–client relationship;

(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 a bill payer service, as defined in § 12–401 of this title;

2.    Does not initiate any contract with individual creditors of a 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 an accelerated mortgage payment service, 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;

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

1.    That is licensed by the Commissioner; and

2.    While engaged in the mortgage lending business, as defined in § 11–501 of this article; or

(ii)    An employee of a mortgage lender; or

(5)    A collection agency, as defined in § 7–101 of the Business Regulation Article:

(i)    That is licensed by the State Collection Agency Licensing Board; and

(ii)    While engaged in the collection agency business, as defined in § 7–101 of the Business Regulation Article.