Can I offer contests that involve referral bonuses in South Carolina? What are the requirements?
Requirements for Offering Contests with Referral Bonuses in South Carolina Based on the context documents, it is possible to offer contests that involve referral bonuses in South Carolina, as long as they comply with the provisions of the law.
Savings Promotion Contests The relevant law is the Savings Promotion Contests Act, found in SCCL 34-45-30 to 34-45-50. According to SCCL 34-45-30, a financial institution authorized to do business in South Carolina may conduct a savings promotion contest for the purposes of encouraging its depositors to maintain savings accounts and to increase personal savings.
Can I offer contests that involve referral bonuses in Pennsylvania? What are the requirements?
Referral Bonuses in Pennsylvania Under Pennsylvania law, referral bonuses are generally allowed as long as they meet certain requirements. The Pennsylvania Department of Labor and Industry considers referral bonuses to be a form of non-wage payment, which means they are not subject to state income tax withholding or unemployment compensation taxes [2].
However, it is important to note that referral bonuses involving federally related mortgage loans are prohibited under the Real Estate Settlement Procedures Act (RESPA) Section 8(a) [3].
Can I offer contests that involve referral bonuses in Oregon? What are the requirements?
Referral Bonuses in Oregon Oregon law does not have specific regulations regarding referral bonuses. However, if the referral bonus involves a lottery or a game of chance, it may be subject to the regulations set forth by the Oregon State Lottery [3.1][2.2].
According to ORAR 177-051-0040, to be eligible to receive any promotional reward, giveaway, or any other item of value offered in a Lottery promotion, a person must be a natural person 18 years of age or older, unless a specific promotion or Player Loyalty Program requires the entrant to be 21 years of age or older.
Can I offer contests that involve referral bonuses in North Dakota? What are the requirements?
Based on the additional context documents, it appears that the existing response may not be entirely accurate. While NDCC Section 51-16.1-03 prohibits offering a rebate, discount, or anything of value to a buyer or lessee as an inducement for a sale or lease in consideration of the buyer or lessee giving to the seller or lessor the names of prospective purchasers or lessees, or otherwise aiding the seller or lessor in making a sale to another person, if the earning of the rebate, discount, or other thing of value is contingent upon the occurrence of an event subsequent to the time the buyer or lessee agrees to the sale or lease, this may not apply to contests that involve referral bonuses.
Can I offer contests that involve referral bonuses in New Mexico? What are the requirements?
Based on the provided context documents, it appears that offering contests that involve referral bonuses in New Mexico is not explicitly regulated. However, there are some general requirements and regulations that may apply.
General Requirements Licensees may seek a variance of limited provisions of the New Mexico Bingo and Raffle Rules 15.4 NMAC [15.4.11.8 NMAC].
Regulatory Agencies Representatives of appropriate New Mexico state agencies shall be allowed access to all areas on the fairgrounds for monitoring and regulations compliance purposes.
Can I offer contests that involve referral bonuses in New Hampshire? What are the requirements?
Referral Bonuses in New Hampshire In New Hampshire, offering contests that involve referral bonuses is generally allowed. However, there are certain requirements that must be met.
According to NHCAR Ins 3602.04, insurers offering long-term care coverage under the New Hampshire long-term care partnership program must offer, on a one-time basis, the option to exchange existing long-term care coverage for a New Hampshire partnership policy or certificate. This notice must be given to policyholders by written notice, and the policyholder must be given up to 90 calendar days from the date of the notice to make their intention to exchange known to the insurance company.
Can I offer contests that involve referral bonuses in Montana? What are the requirements?
Based on the documents provided, it appears that Montana law allows for certain types of contests and raffles, but there are specific requirements that must be followed. Referral bonuses are not specifically mentioned in the documents provided, but there are some general requirements that may be relevant to your question.
General Requirements for Contests and Raffles According to MTAR 12.7.802, any individual, club, organization, or business wishing to sponsor a fishing contest on a body of water open to public fishing must submit an application to the Department of Fish, Wildlife and Parks.
Can I offer contests that involve referral bonuses in Minnesota? What are the requirements?
Based on the provided context documents, there are no specific regulations or laws in Minnesota that prohibit offering contests that involve referral bonuses. However, it is important to follow the general eligibility requirements and restrictions for any type of contest held in Minnesota [2.1][2.2][1.2].
There are no specific requirements for referral bonus contests in Minnesota, but it is recommended that you consult with a legal professional to ensure that your contest complies with all applicable laws and regulations.
Can I offer contests that involve referral bonuses in Massachusetts? What are the requirements?
Based on the information provided in the context documents, it appears that offering contests that involve referral bonuses in Massachusetts is allowed, but there are certain requirements that must be met to ensure compliance with state regulations.
Requirements for Offering Contests with Referral Bonuses According to 940 CMR 34.09(2), DFSOs (Daily Fantasy Sports Operators) may offer promotional offers, including referral bonuses, as long as they comply with existing laws on promotional offers and fully and accurately disclose the material terms of the offer at the time of advertising.
Can I offer contests that involve referral bonuses in Maryland? What are the requirements?
Based on the information provided in the context documents, it appears that offering contests that involve referral bonuses in Maryland may be subject to certain requirements.
Requirements for Offering Contests with Referral Bonuses in Maryland Maryland has laws that prohibit kickbacks for business referrals involving a federally related mortgage loan [1]([1]). However, it is unclear whether these laws apply to referral bonuses in contests.
Additionally, if the prize or award received in a contest is goods or services, the fair market value (FMV) of the goods or services must be included in the winner’s income for tax purposes [2]([2]).