(a) Only the State may enact a law which purports to regulate extensions of credit made by a financial institution.
(b) This section does not:
(1) Affect federal law preemption of State law;
(2) Restrict or otherwise affect local laws that establish property ownership or the rights and obligations of property owners;
(3) Restrict or otherwise affect a local government’s ability to regulate its fiscal, economic, or community development policy;
(4) Restrict or otherwise affect a local government’s ability to enact laws or adopt regulations relating to fair housing or other civil rights; or
(5) Restrict or otherwise affect a local government’s ability to establish or administer loan programs to assist residents with financial needs.
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