Mich. Comp. Laws § 487.2105: Fee; limitation; prohibition.
Where this section sits in the code
- MI Code
- Chapter 487
- Act Act-190-of-1991
Sec. 5.
Beginning January 1, 1994, the department may charge a participating financial institution a reasonable fee not greater than the actual costs of administering the direct deposit program or a fee of 25 cents, whichever is less, for each transaction and prenotification. The department shall not charge or impose any fee on a participating state employee, state college or university, or state retirement recipient.
A financial institution that electronically pays to the state its sales, use, and withholding taxes shall not be charged a fee to participate in a program under this act.
Collected 2026-09-14T18:32:31Z. Source file · JSON