Section 123. The penalties in section one hundred and twenty-two shall not apply to:

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(a) persons eligible for licensure under section 119 who provide consultative services for a fee no more than one day a month; or

(b) students of psychology, psychological interns or persons preparing for the practice of psychology under qualified supervision in a recognized training institution or facility; provided, however, that they are designated by such titles as ”psychological intern”, ”psychological trainee” or other title clearly indicating such training status.