Amendment H-1035 to HF 359

Authorizing savings promotion drawings under specified conditions, and making penalties applicable

Never voted on

Filed February 8, 2021 in the House by

What it changes

Page 2, after line 15 by inserting: “e. The financial institution conducting the savings promotion drawing shall not charge a fee to a participant to withdraw money from the participant’s savings promotion drawing account if the participant has not previously withdrawn money from the account. f. The financial institution conducting the savings promotion drawing shall not charge a fee to a participant to withdraw money from the participant’s savings promotion drawing account, subsequent to the participant’s first withdrawal, that exceeds the lesser of twenty-five dollars or ten percent of the total amount of money in the participant’s account immediately after the participant’s previous withdrawal from the account.”