Employees. (a) No employee of the Division shall be an officer, director, trustee, attorney, owner, shareholder, partner, broker,
agent, solicitor, employee or representative of any bank or insurance company, or, except as hereinafter provided, receive, directly or indirectly, any payment or gratuity from any such organization, or be indebted to any bank or insurance company, or engaged in the negotiation of loans or contract of insurance for others with any such bank or insurance company. (b) This provision shall not prohibit being a depositor or insurance policy holder on the same terms as are available to the public generally, or being indebted to a bank on the same terms as are available to the public generally, including, but not limited to, a mortgage loan upon the mortgagor’s own home, and installment debt of a personal nature.