{"data":{"id":"us-mi/mich.-comp.-laws-487.2105","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.2105","heading":"Fee; limitation; prohibition.","body":"Sec. 5.\n\nBeginning 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.\n\nA 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.","path":["MI Code","Chapter 487","Act Act-190-of-1991"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-2105","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"910b7f54ba9335e7c552bb25a28fecc156c1a996bfa81d4549a67c73b5c053fb","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.2104","next":"us-mi/mich.-comp.-laws-487.751"},"notice":"GroundRules: Original legal text. Not legal advice."}