Us Code § 1308 - Limitation of applicability
Full text of Us Code United States Code § 1308 — Limitation of applicability, with citation guidance and answers to common questions.
§ 1308. Limitation of applicability
(a)
(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)
(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.)
CHAPTER 63—MAIL FRAUD AND OTHER FRAUD OFFENSES
Editorial Notes
Amendments
2009—Pub. L. 111–21, §2(e)(2), May 20, 2009, 123 Stat. 1618, inserted "and commodities" after "Securities" in item 1348.
2008—Pub. L. 110–457, title II, §222(e)(1), (3), Dec. 23, 2008, 122 Stat. 5070, 5071, inserted "AND OTHER FRAUD OFFENSES" after "MAIL FRAUD" in chapter heading and added item 1351.
2002—Pub. L. 107–204, title VIII, §807(b), title IX, §§902(b), 906(b), July 30, 2002, 116 Stat. 804–806, added items 1348 to 1350.
1996—Pub. L. 104–191, title II, §242(a)(2), Aug. 21, 1996, 110 Stat. 2016, added item 1347.
1990—Pub. L. 101–647, title XXXV, §3541, Nov. 29, 1990, 104 Stat. 4925, substituted "or" for "and" in item 1342.
1988—Pub. L. 100–690, title VII, §7603(b), Nov. 18, 1988, 102 Stat. 4508, added item 1346.
1984—Pub. L. 98–473, title II, §§1108(b), 1205(b), Oct. 12, 1984, 98 Stat. 2147, 2153, added items 1344 and 1345.
1952—Act July 16, 1952, ch. 879, §18(b), 66 Stat. 722, added item 1343.
About This Section
18 U.S.C. § 1308 is part of Title 18 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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