No lessor or any person having an interest in the lessor or any officer, director, stockholder, employee, or agent of the lessor or any person connected with any of the foregoing, shall loan, advance or give money or anything of value to, or borrow money or anything of value from, any authorized organization licensed to conduct bingo or any person who is an officer of any such organization or who is in charge of or assists in the conduct of bingo, nor guarantee or endorse any note or indemnify or agree to indemnify the licensed authorized organization against any loss incurred in such licensed organization's bingo operations.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 4822.17