Except as provided in § 14–903.1 of this subtitle, this subtitle applies only to a service agreement entered into on or after June 1, 2023. This subtitle does not apply to: A home warranty or similar product that covers the cost of maintenance of a major home system such as plumbing, electrical, or heating, ventilating, and air–conditioning; An insurance contract; An option or right of refusal to purchase residential property; A declaration created in the formation of a common interest community, as defined in § 1–801 of the Environment Article; A maintenance or repair agreement entered into by a homeowners association, as defined in § 11B–101 of this article; A mortgage loan or a commitment to make or receive a mortgage loan; An agreement relating to the sale or rental of personal property; Water, sewer, electrical, telephone, cable, or other regulated utility providers; or A mechanics lien, as established under Title 9 of this article.