(a) The term lender shall mean a bank, trust company, savings bank, savings and loan association, credit union, mortgage bankers or exempt organization as defined in section 590 of the Banking Law.
(b) The term natural person shall mean an individual.
(c) The term junior mortgage loan shall mean a loan or other extension of credit to a natural person secured by:
(1) a mortgage on real property which is:
(i) improved by a one-to-four-family owner-occupied residence;
(ii) subject to the lien of one or more prior mortgages or similar recorded encumbrances; or
(2) a junior interest in or junior lien on certificates of stock or other evidences of an ownership interest in, and a proprietary lease from, a corporation or partnership formed for the purpose of cooperative ownership of residential real estate.
(d) The term electronically transmitted or electronic media shall mean any transmission via diskette, wire or tape including but not limited to the Intranet (interactive or otherwise), the Internet, any other computer network, electronic mail, or any other similar method of transmission.