Utah Code § 7-1-619

(1) As used in this section: (a) "Prize period" means a period of time, designated by a depository institution, during which a qualifying account holder may submit an entry into the depository institution's savings promotion program for a chance to win a prize designated as the prize for that period. (b) "Qualifying account" means a savings account that qualifies the savings account holder for an entry into the saving account's depository institution's savings promotion program each time the holder of the savings account: (i) deposits a minimum amount of money specified by the depository institution into the savings account; and (ii) leaves the minimum deposit in the savings account for no less than an amount of time specified by the depository institution. (c) "Qualifying account holder" means a person who holds a qualifying account. (d) "Savings promotion program" means a contest: (i) that a depository institution conducts to encourage savings deposits; and (ii) in which a qualifying account holder is offered a chance to win a designated prize for each entry submitted in association with the qualifying account holder's qualifying account. (2) A depository institution may conduct a savings promotion program if: (a) no qualifying account holder is required to: (i) pay a fee or otherwise provide any consideration to submit an entry in the savings promotion program; or (ii) be present at a prize drawing in order to win; (b) any fee charged by a depository institution in connection with a qualifying account is comparable with a fee charged in connection with a comparable nonqualifying account the depository institution offers; (c) any interest rate a depository institution associates with a qualifying account is comparable to an interest rate associated with a comparable nonqualifying account the depository institution offers; (d) each entry in the savings promotion program during a single prize period has an equal chance of winning; and (e) the depository institution: (i) conducts the savings promotion program in a manner that does not: (A) jeopardize the depository institution's ability to operate in a safe and sound manner; or (B) mislead the depository institution's account holders; and (ii) fully discloses the terms and conditions of the savings promotion program to each of the depository institution's account holders. (3) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may make rules that: (a) require a depository institution that conducts a savings promotion program to maintain all records the commissioner determines necessary for the administration and enforcement of this section; or (b) ensure that a depository institution conducts a savings promotion program in accordance with this section.