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35 chapters · 270 sections in this title.
12 Pa.C.S. § 5701 Legislative intent
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The intent of this chapter is to authorize and provide a regulatory framework for financial institutions to conduct savings promotion programs to encourage robust saving habits and improve financial literacy.
12 Pa.C.S. § 5702 Definitions
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The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Eligible financial institution." Any of the following: (1) an insured credit union; or (2) an insured depository instit…
12 Pa.C.S. § 5703 Savings promotion program
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(a) Authorization.--Notwithstanding any prohibitions on lotteries or gambling provided by the laws of this Commonwealth, including 18 Pa.C.S. §§ 5512 (relating to lotteries, etc.), 5513 (relating to gambling devices, gambling, etc.) and 5514 (relating to pool selling and bookmaki…
12 Pa.C.S. § 5704 Compliance with Federal regulations
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An eligible financial institution may offer a savings promotion program only to the extent permitted by Federal law, including any regulations promulgated by the institution's appropriate prudential regulator.
