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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 487.2105: Fee; limitation; prohibition.

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Where this section sits in the code
  1. MI Code
  2. Chapter 487
  3. 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

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