{"data":{"id":"us-de/5-del.-c.-933","jurisdiction":"us-de","citation":"5 Del. C. § 933","heading":"Prize linked savings programs.","body":"(a) For purposes of this section “savings promotion raffle” means a raffle conducted by a bank or credit union doing business in Delaware where the sole action required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program.\n(b) Any bank or credit union doing business in this State may conduct a savings promotion raffle provided that the bank or credit union:\n(1) Conducts the savings promotion raffle in a manner that ensures that each entry has an equal chance of winning the designated prize;\n(2) Fully discloses the terms and conditions of the savings promotion raffle to each of its account holders;\n(3) Offers an interest rate that is commensurate with the interest rate the bank or credit union offers on comparable savings accounts or savings programs that are not subject to a savings promotion raffle; and\n(4) Maintains records sufficient to facilitate an audit of such savings promotion raffle.\n(c) A savings promotion raffle is not a lottery for purposes of Chapter 48 of Title 29.","path":["Title 5. Banking","Banks and Trust Companies","CHAPTER 9. Regulations Governing Business of Banks and Trust Companies","Subchapter I. General Provisions"],"source_url":"https://delcode.delaware.gov/title5/c009/sc01/index.html#933","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:04Z","sha256":"e528e7689cea69b6127bf8648b519179408239f2f8593fc347fad45e777a6c29","source_id":"us-de","stale":true,"prev":"us-de/5-del.-c.-932","next":"us-de/5-del.-c.-934-935"},"notice":"GroundRules: Original legal text. Not legal advice."}