I'm trying to make sense of the list of products in Part 39.5 that are exempt from all requirements of article 12-D and Part 38. In particular, credit line mortgages, installment loans and home improvement loans, which are listed as exempt in subsection (e). My question is this: what do they mean by installment loans here? Aren't mortgage loans typically structured as installment loans? By way of background, I'm trying to determine the applicability of Part 38 to our home equity lending. Some of these loans are for home improvement purposes, and therefore considered exempt under 39.5. Some are structured as lines of credit, and therefore also exempt. However, there is a subsection that is closed-end and used to refinance the existing mortgage or purchase a new property. I'm trying to determine whether we need to worry about Part 38 in connection with these particular loans.