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Code · Michigan · Chapter 488 — Electronic Funds Transfers

488.8 Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws.

103 words·~1 min read·/mi/chapter-488/488-8

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488.8 Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws.
Sec. 8.
(1)A funds transfer facility shall provide reliable service to the person with protection of privacy of personal financial information.
(2)A funds transfer facility shall not impair the safety and soundness of a person's funds.
(3)Persons subject to this act shall act and conduct their affairs in a manner which complies with the antitrust laws of this state or the United States to assure a free and open competitive economy in this state.
History: 1978, Act 322, Eff. Jan. 1, 1979
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