Notwithstanding any other provisions of this article, §§ 15-802 and 15-803 of this subtitle do not apply to any check: Tendered by a maker or drawer in complete or partial satisfaction of a preexisting credit or loan obligation incurred by the maker or drawer under Title 12 of this article; or That is not a bad check as described under § 8-103 of the Criminal Law Article. Notwithstanding any other provision of this article, §§ 15-802 and 15-803 of this subtitle shall be construed to grant any holder to whom the check or other instrument was issued or negotiated a right of recourse which is alternative to any other right of recourse granted to that holder under Title 3 of this article.