Mich. Comp. Laws § 488.20: Options to promote security of electronic fund transfers.
Where this section sits in the code
- MI Code
- Chapter 488
- 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Options to limit the total amount of cash which can be withdrawn through the use of an electronic funds transfer terminal, from a customer's account in any single day.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