Statutory Text

18 U.S.C. § 1308 — Limitation of applicability

U.S.C. Title 18 - CRIMES AND CRIMINAL PROCEDURE 18 U.S.C. United States Code, 2023 Edition Title 18 - CRIMES AND CRIMINAL PROCEDURE PART I - CRIMES CHAPTER 61 - LOTTERIES Sec. 1308 - Limitation of applicability From the U.S. Government Publishing Office, www.gpo.gov

§1308. Limitation of applicability

(a) Limitation of Applicability.—Sections 1301, 1302, 1303, 1304, and 1306 shall not apply— (1) to a savings promotion raffle conducted by an insured depository institution or an insured credit union; or (2) to any activity conducted in connection with any such savings promotion raffle, including, without limitation, to the— (A) transmission of any advertisement, list of prizes, or other information concerning the savings promotion raffle; (B) offering, facilitation, and acceptance of deposits, withdrawals, or other transactions in connection with the savings promotion raffle; (C) transmission of any information relating to the savings promotion raffle, including account balance and transaction information; and (D) deposit or transmission of prizes awarded in the savings promotion raffle as well as notification or publication thereof.

(b) Definitions.—In this section— (1) the term "insured credit union" shall have the meaning given the term in section 101 of the Federal Credit Union Act (12 U.S.C. 1752); (2) the term "insured depository institution" shall have the meaning given the term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813); and (3) the term "savings promotion raffle" means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program, where each ticket or entry has an equal chance of being drawn, such contest being subject to regulations that may from time to time be promulgated by the appropriate prudential regulator (as defined in section 1002 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481)).

(Added Pub. L. 113–251, §4(a), Dec. 18, 2014, 128 Stat. 2890.)

Source: uscode.house.gov — public domain Official Source ↗

Root-LD Entity Data

◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org

Federation ID

BS-USC18-SEC-432769

Entity Class

STATUTE / FEDERAL-CODE-SECTION

Domain Signature

boisestandard.org

Citation

18 U.S.C. § 1308

Jurisdiction

Federal — United States

Status

✓ ACTIVE

Source

API-FETCH

Source Verified

✓ TRUE

Content Hash

83746e9473763917...

Semantic Edges

Pending — corpus passes queued

This page was generated from primary source data retrieved via the GovInfo API (api.govinfo.gov). The statutory text of 18 U.S.C. § 1308 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel.

Navigate Corpus — Title 18

← 18 U.S.C. § 1307 18 U.S.C. § 1341 →

Ch. 61 — Lotteries

18 U.S.C. § 1301 18 U.S.C. § 1302 18 U.S.C. § 1303 18 U.S.C. § 1304 18 U.S.C. § 1305 18 U.S.C. § 1306 18 U.S.C. § 1307 18 U.S.C. § 1308

18 U.S.C. — public domain ← All Legislation