State Codes and Statutes
Statutes > Michigan > Chapter-488 > Act-322-of-1978 > Section-488-17ELECTRONIC FUNDS TRANSFERS (EXCERPT)
Act 322 of 1978
488.17 Receipt evidencing electronic fund transfer; time; costs.
Sec. 17.
An electronic fund transfer made by a customer of a financial institution shall be evidenced by a receipt provided to the customer at the time of the electronic fund transfer. If a receipt cannot be provided at the time of the transfer it shall be provided on a regular basis at the option of the customer and upon agreement by the customer to pay all reasonable costs for the service.
History: 1978, Act 322, Eff. Jan. 1, 1979
