Savings Promotions Guidance

The Kansas Office of the State Bank Commissioner issued this guidance to authorize and regulate savings promotion programs for Kansas-chartered banks, savings banks, and savings and loan associations. Institutions must ensure equal winning chances, full disclosure, participant age verification, no required consideration, and comparable account terms while maintaining audit-ready records. Regulators require institutions to submit program rules, compliance documentation, and acknowledgments of examination authority during supervisory reviews, with the guidelines taking effect on July 1, 2017.

Kansas

Kansas Office of the State Bank Commissioner