(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.