Pennsylvania Statutes
§ 5705 — Qualified financial program
Pennsylvania § 5705
This text of Pennsylvania § 5705 (Qualified financial program) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 Pa. Cons. Stat. § 5705 (2026).
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.
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Legislative History
Cross References.Section 5705 is referred to in section 5702 of this title.
Nearby Sections
7
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Bluebook (online)
Pennsylvania § 5705, Counsel Stack Legal Research, https://law.counselstack.com/statute/pa/12/5705.