§ 28-1-23.2-1 “Director”
§ 28-1-23.2-2 “Eligible depository financial institution”
§ 28-1-23.2-3 “Eligible individual”
§ 28-1-23.2-4 “Qualified account”
§ 28-1-23.2-5 “Qualified financial program”
§ 28-1-23.2-6 “Prize linked savings program”
§ 28-1-23.2-7 Required conditions to offer and conduct a prize linked savings program
§ 28-1-23.2-8 Statement describing the terms and conditions of prize linked savings programs
§ 28-1-23.2-9 Director actions
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Terms Used In Indiana Code > Title 28 > Article 1 > Chapter 23.2 - Prize Linked Savings Programs

  • director: refers to the director of the department of financial institutions. See Indiana Code 28-1-23.2-1
  • eligible depository financial institution: means a credit union that is organized or reorganized under Indiana law with the express power to receive and accept deposits of money subject to withdrawal by any of the methods set forth in IC 28-1-23-16. See Indiana Code 28-1-23.2-2
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • prize linked savings program: means a contest:

    Indiana Code 28-1-23.2-6