Pennsylvania Code & Bulletin

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 52 Pa.B. 6342 (October 1, 2022).

10 Pa. Code § 34.2.  Issuance and interest.

§ 34.2.  Issuance and interest.

 (a)  An association may issue a NOW Account in accordance with sections 804 and 813 of the Code (7 P. S. § §  6020-114 and 6020-123), this chapter, and the powers granted to federally-chartered savings and loans associations.

 (b)  A NOW account shall bear earning or interest except when the owner of the account and the association execute an agreement specifically providing for the waiver of earnings or interest on such account.

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