It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from:
(a)
Any person to which such licensee has provided, or has committed to provide, financing assistance;
(b)
Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or
(c)
Any close relative of any person referred to in subdivision (b).