Qualified financial program.
PennsylvaniaStatutes
Ask Donna
How this section applies to your facts.
PA Code › Title 12 › Chapter 57 › Section 5705
Text
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:
(1) Deposit or transfer money into a qualified account on a recurring or automatic basis.
(2) Refinance or consolidate existing debt to obtain a lower interest rate.
(3) Pay off or reduce outstanding balances to lower the eligible individual's total debt ratio or revolving debt ratio.
(4) Prepare a budget or a debt-reduction plan.
(5) Attend financial literacy seminars or counseling sessions sponsored by the eligible financial institution that are offered free of charge.
(6) Use free online financial education, budgeting or debt-reduction tools. Cross References. Section 5705 is referred to in section 5702 of this title.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.