Michigan Chapter 488 — Electronic Funds Transfers
31 sections hosted, reproduced from the official public-domain source.
- Mich. Comp. Laws § 488.1— Meaning of words and phrases
- Mich. Comp. Laws § 488.2— Definitions; A to C
- Mich. Comp. Laws § 488.3— Definitions; C to E
- Mich. Comp. Laws § 488.4— Definitions; F to M
- Mich. Comp. Laws § 488.5— Definitions; P to U
- Mich. Comp. Laws § 488.6— Terminals, facilities, or functions to which act inapplicable
- Mich. Comp. Laws § 488.7— Funds transfer facility on merchant's premises; establishment, ownership, or operation; access to, connection to, or use of facility; reasonable fees; nondiscrimination; additional facilities; equality of fees
- Mich. Comp. Laws § 488.8— Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws
- Mich. Comp. Laws § 488.9— Funds transfer facility; restrictions
- Mich. Comp. Laws § 488.10— Electronic funds transfer terminals; number; availability; transfer of funds into deposit acccount
- Mich. Comp. Laws § 488.11— Funds transmission facility; establishment, operation, or availability; exemption of internal computer system
- Mich. Comp. Laws § 488.12— Providing information about customer's deposit account or customer's transaction; furnishing credit information; verifications; liability for violation
- Mich. Comp. Laws § 488.13— Issuance of card or means of access to customer's account; requirements
- Mich. Comp. Laws § 488.14— Liability for unauthorized use of account; proof; “customer negligence” defined; failure to notify depository financial institution of unauthorized use; reporting lost means of access or violation of security
- Mich. Comp. Laws § 488.15— Notification of electronic fund transfer error; investigation; report; notification requirements; requirements of report to customer; meaning of electronic fund transfer error; placing hold on funds in account; closing account; report; correction resulting in credit to account; crediting account with interest
- Mich. Comp. Laws § 488.16— Reversal of electronic fund transfer and recrediting customer's account; requirements; “normal business hours” defined
- Mich. Comp. Laws § 488.17— Receipt evidencing electronic fund transfer; time; costs
- Mich. Comp. Laws § 488.18— Statement of customer's account; frequency; contents
- Mich. Comp. Laws § 488.19— Written agreement of terms and conditions governing account; time; contents
- Mich. Comp. Laws § 488.20— Options to promote security of electronic fund transfers
- Mich. Comp. Laws § 488.21— Civil action for violation; liability
- Mich. Comp. Laws § 488.22— Monitoring and analyzing developments within field of electronic fund transfers; report; effecting provisions of section
- Mich. Comp. Laws § 488.23— Restraining trade or engaging in anticompetitive practices
- Mich. Comp. Laws § 488.24— Unauthorized transactions prohibited
- Mich. Comp. Laws § 488.25— Applicability of antitrust laws
- Mich. Comp. Laws § 488.26— Application of state or federal statute to credit or deposit account relationships
- Mich. Comp. Laws § 488.27— Unjust denial of access; unfairly discriminatory sharing requirements; arbitration; judgment; redress in circuit court
- Mich. Comp. Laws § 488.28— Violation injurious to business or property; action for treble damages, costs, and attorneys' fees
- Mich. Comp. Laws § 488.29— Wilful violation as misdemeanor; penalty
- Mich. Comp. Laws § 488.30— Conditional effective date
- Mich. Comp. Laws § 488.31— Effective date