Sec. 9. The director may do any of the following:
(1) Prescribe the form or manner in which an eligible depository financial institution may seek approval from the department to offer a prize linked savings program to eligible individuals.
(2) Adopt rules, policies, or guidance concerning the conduct of prize linked savings programs in Indiana.
(3) Examine the conduct of an eligible depository financial institution's prize linked savings program.
(4) Issue cease and desist orders or otherwise exercise the department's enforcement powers under IC 28-11-4 for a violation of this chapter.
As added by P.L.135-2014, SEC.3.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 23.2. Prize Linked Savings Programs
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