Sec. 4. (a) As used in this chapter, "qualified account", for purposes of a prize linked savings program, means:
(1) a savings account;
(2) a time deposit; or
(3) a savings program;
that is offered by an eligible depository financial institution to an eligible individual.
(b) The term includes:
(1) an account described in subsection (a) that is a share account; and
(2) an account described in subsection (a) in which an eligible individual has an interest:
(A) individually; or
(B) jointly with another eligible individual.