Public-domain · open source
OpenJurist

Mich. Comp. Laws § 488.20

Options to promote security of electronic fund transfers

1978, Act 322, Eff

Sec. 20. In order to promote the security of electronic fund transfers, financial institutions shall make available to customers: (a) Options to limit the total amount of cash which can be withdrawn through the use of an electronic funds transfer terminal, from a customer's account in any single day. The options shall include, but need not be restricted to, a limit of $50.00. (b) An option to limit access through an electronic funds transfer terminal to 1 or more specified accounts.

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