Savings promotion conducted by savings and loan association.

2. a. A State savings and loan association may conduct a savings promotion provided that the association:      (1)   conducts the promotion in a manner so as to ensure that each entry has an equal chance of winning the designated prize;      (2)   fully discloses the terms and conditions of the promotion to each of its account holders;      (3)   maintains records sufficient to facilitate an audit of the promotion;      (4)   ensures that only account holders 18 years of age and older are permitted to participate in the promotion;      (5)   does not require any consideration, other than the requirement that the participant deposit money into a savings account or other savings program to obtain entries in the promotion, to participate in the promotion; and      (6)   offers an interest rate and charges fees on any qualifying account that are approximately the same as those on a comparable non-qualifying account.      b.   For the purposes of this section, "savings promotion" means a raffle in which the sole consideration 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.     L.2015, c.236, s.2.