Auction: Bank of America customers prohibited from bidding?

[Samantha Magina]

I'm watching a few auctions in NY right now and this disclosure caught my eye. What is a household member? is that a person that owns stock or is it a person that has a bank account? I'm stumped. 

• Bank of America, N.A. associates, household members and business partners are prohibited from purchasing REO properties, either owned or serviced by the Bank, whether directly or indirectly.