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