(a) Notwithstanding another provision of law, an owner or operator of a registered facility or current or prior owner or operator of a recently abandoned drycleaning facility is not liable for any release under any other law, including any common law claim or third-party claims, except to the extent of the deductible set forth in § 68-217-107(f), if such facility or distributor has paid all the registration fees and solvent surcharges required under this chapter, has had its petition accepted by the commissioner for participation in the fund, and has materially complied with the requirements of all rules promulgated under this chapter and with any requirements for investigatory or remedial measures established by the commissioner. This section does not preclude claims based solely upon personal injuries associated with a claimant's exposure to drycleaning solvent.
(b) Subsection (a) does not apply to or limit any claim of a lender which arises under a financing arrangement entered into by the owner or operator prior to, on, or after June 13, 1995.