A. A person may not, individually or in conjunction or cooperation with another person, act as a facilitator unless he complies with all of the following requirements:
(1) Is engaged in the business of preparing tax returns, or employed by a person engaged in the business of preparing tax returns.
(2) Is primarily involved in financial services or tax preparations.
(3) Is authorized by the Internal Revenue Service as an e-file provider.
B. This Chapter shall not apply to any of the following entities:
(1) Federally insured financial institution.
(2) An affiliate that is a servicer of an entity described in Paragraph (1) of this Subsection, operating under the name of that entity.
(3) Any person or entity that acts solely as an intermediary and does not interact directly with a taxpayer in the making of the refund anticipation loan.