In this section the following words have the meanings indicated. “Depository institution” means a financial institution that: Is located in this State or maintains a branch in this State; and Is authorized to maintain qualifying accounts. “Eligible customer” means an individual who: Maintains a qualifying account at a depository institution; Is an adult; and Is a resident of this State. “Qualifying account” means a savings account, share account, or other savings product or program: Offered by a depository institution; Insured by the Federal Deposit Insurance Corporation, the National Credit Union Administration, or a credit union share guaranty corporation that is approved by the Commissioner; and Through which eligible customers may obtain chances to win prizes in a savings promotion raffle. “Savings promotion raffle” means a contest in which: The sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a qualifying account; and Each ticket or entry has an equal chance of being drawn. A depository institution may conduct a savings promotion raffle for the exclusive benefit of eligible customers if: The depository institution maintains books and records relating to the savings promotion raffle; and The savings promotion raffle will not: Harm the depository institution’s ability to operate in a safe and sound manner; or Mislead the depository institution’s customers. Except as preempted by federal law, the Commissioner may: Examine the conduct of a savings promotion raffle; and Issue a cease and desist order under § 5–808 of this article for a violation of this section.