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

Mich. Comp. Laws § 488.20: Options to promote security of electronic fund transfers.

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Where this section sits in the code
  1. MI Code
  2. Chapter 488
  3. Act Act-322-of-1978

Sec. 20.

In order to promote the security of electronic fund transfers, financial institutions shall make available to customers:

Options to limit the total amount of cash which can be withdrawn through the use of an electronic funds transfer terminal, from a customer's account in any single day. The options shall include, but need not be restricted to, a limit of $50.00.

An option to limit access through an electronic funds transfer terminal to 1 or more specified accounts.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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