1. (a) As used in this chapter, "qualified account", for purposes of a prize linked savings program, means:

   1. (1) a savings account;
   2. (2) a time deposit; or

   3. (3) a savings program;

      that is offered by an eligible depository financial institution to an eligible individual.

2. (b) The term includes:

   1. (1) an account described in subsection (a) that is a share account; and

   2. (2) an account described in subsection (a) in which an eligible individual has an interest:

      1. (A) individually; or
      2. (B) jointly with another eligible individual.

As added by P.L.135-2014, SEC.3.