(2) This title does not apply to any of the following:

1. (a) any extension of credit:

   1. (i) primarily for business, commercial, or agricultural purposes; or
   2. (ii) to other than a natural person including government agencies or instrumentalities;
2. (b) any closed-end extension of credit secured by a first lien or equivalent security interest on a dwelling or building lot;

3. (c) any transaction in securities or commodities accounts in which credit is extended by a broker-dealer registered with the:

   1. (i) Securities and Exchange Commission; or
   2. (ii) Commodity Futures Trading Commission;

4. (d) any extension of credit:

   1. (i) not secured by:

      1. (A) real property; or
      2. (B) personal property used or expected to be used as the principal dwelling of the consumer; and

   2. (ii)

      1. (A) in which the amount financed exceeds $25,000; or
      2. (B) in which there is an express written commitment to extend credit in excess of $25,000;

5. (e) any transaction under public utility or common carrier tariffs if a subdivision of this state or the United States regulates:

   1. (i) the charges for the services involved;
   2. (ii) the charges for delayed payment; and
   3. (iii) any discount allowed for early payment;
6. (f) any sale of insurance by an insurer except as otherwise provided in Chapter 6, Insurance;
7. (g) any transaction with a party acting as a pawnbroker and licensed by any governmental authority in this state;

8. (h)

   1. (i) a loan made, insured, or guaranteed pursuant to a program authorized by Title IV of the Higher Education Act of 1965, 20 U.S.C. Sections 1070, et seq.; or

   2. (ii) a loan:

      1. (A) that finances tuition and other expenses:

         1. (I) charged in connection with enrollment:

            1. (Aa) at a public or proprietary preprimary, secondary, vocational, or postsecondary school; or
            2. (Bb) in any tutorial, continuing education, test preparation, distance-learning, or similar program; and

         2. (II) including:

            1. (Aa) tuition;
            2. (Bb) fees;
            3. (Cc) books;
            4. (Dd) housing; and
            5. (Ee) other expenses;

      2. (B) that is:

         1. (I) made, insured, or guaranteed under a state program; or
         2. (II) made by a federally insured depository institution; and
      3. (C) including a loan that consolidates or refinances a loan described in this Subsection (2)(h)(ii); and
9. (i) a rental purchase agreement as defined in Section 15-8-3.