(a) In this section, “installment loan” has the meaning stated in § 11–301 of this title.
(b) Except for § 11–219 of this title, this title does not apply to a person that acquires or is assigned in whole or in part:
(1) A mortgage, if the person does not otherwise make mortgages;
(2) A mortgage loan, as defined in § 11–501 of this title, if the person does not otherwise engage in the mortgage lending business, as defined in § 11–501 of this title; or
(3) An installment loan, if the person:
(i) Relies on another person to service or collect on the installment loan; and
(ii) Does not otherwise make installment loans.
(c) This section may not be construed to alter the definition of “student loan servicer”, as defined in § 2–104.1 of this article.