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