Mich. Comp. Laws § 436.1903b: Payment by means dishonored by financial institution; violation of act; administrative fee.
Where this section sits in the code
- MI Code
- Chapter 436
- Act Act-58-of-1998
Sec. 903b.
(1) A retailer violates this act if the retailer or the retailer's clerk, servant, agent, or employee makes a payment to a wholesaler by any means that has been dishonored by a financial institution for any reason.
(2) A wholesaler shall require a retailer that has made a payment to the wholesaler that has been dishonored by a financial institution to pay the wholesaler an administrative fee as follows:
(a) For the first dishonored payment, $50.00.
(b) For a second dishonored payment within 12 months of the first dishonored payment, $100.00.
(c) For a third dishonored payment within 12 months of the first dishonored payment, $150.00.
(d) For a fourth dishonored payment within 12 months of the first dishonored payment, $200.00.
(e) For a fifth or any subsequent dishonored payment within 12 months of the first dishonored payment, $250.00.
Collected 2026-09-14T18:32:31Z. Source file · JSON