{"data":{"id":"us-pa/12-pa.c.s.-5705","jurisdiction":"us-pa","citation":"12 Pa.C.S. § 5705","heading":"Qualified financial program.","body":"A qualified financial program offered under section 5703(a)(2) (relating to savings promotion program) must include programs to encourage an eligible individual to do at least one of the following:\n(1) Deposit or transfer money into a qualified account on a recurring or automatic basis.\n(2) Refinance or consolidate existing debt to obtain a lower interest rate.\n(3) Pay off or reduce outstanding balances to lower the eligible individual's total debt ratio or revolving debt ratio.\n(4) Prepare a budget or a debt-reduction plan.\n(5) Attend financial literacy seminars or counseling sessions sponsored by the eligible financial institution that are offered free of charge.\n(6) Use free online financial education, budgeting or debt-reduction tools.","path":["Title 12 - COMMERCE AND TRADE","PART IV COMMERCIAL PROTECTION","CHAPTER 57 INCENTIVE-BASED SAVINGS PROGRAM"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=12\u0026div=0\u0026chpt=57\u0026sctn=5\u0026subsctn=0","current_through":"2026-08-31 (Statute Update stamp, 12 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:30:58Z","sha256":"415bfc1fdee5b711b5199043f63759a1e024f0061ee3c3d7afdc4eac035ba96c","source_id":"us-pa","stale":false,"prev":"us-pa/12-pa.c.s.-5704","next":"us-pa/12-pa.c.s.-5706"},"notice":"GroundRules: Original legal text. Not legal advice."}