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Mich. Comp. Laws § 436.1903b

Payment by means dishonored by financial institution; violation of act; administrative fee

Add. 2016, Act 434, Imd

Sec. 903b. (1) A retailer violates this act if the retailer or the retailer's clerk, servant, agent, or employee makes a payment to a wholesaler by any means that has been dishonored by a financial institution for any reason. (2) A wholesaler shall require a retailer that has made a payment to the wholesaler that has been dishonored by a financial institution to pay the wholesaler an administrative fee as follows: (a) For the first dishonored payment, $50.00. (b) For a second dishonored payment within 12 months of the first dishonored payment, $100.00. (c) For a third dishonored payment within 12 months of the first dishonored payment, $150.00. (d) For a fourth dishonored payment within 12 months of the first dishonored payment, $200.00. (e) For a fifth or any subsequent dishonored payment within 12 months of the first dishonored payment, $250.00.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.