(a) The term control party shall mean any individual or entity that possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of a licensee.

(b) The term director shall mean any member of the governing board of the licensee whether designated as a director, officer, trustee, manager, governor or by any other title.

(c) The term capital certificate shall have the same meaning as is set forth in article 5 of the New York Not-for-Profit Corporation Law.

(d) The term debtor shall mean an individual who enters into a contract with a licensee while the individual is a New York resident.

(e) The term licensee shall mean any entity licensed pursuant to article 12-C of the New York Banking Law.