{"data":{"id":"us-mi/mich.-comp.-laws-490.412","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 490.412","heading":"Check cashing fees.","body":"Sec. 412.\n\nExcept as provided in subsection (2), a domestic credit union shall not contract for, receive, impose, assess, or collect a charge or fee for the cashing of a check that exceeds 1 of the following percentages of the face amount of the check, as applicable:\n\nFive percent for a payroll, pension, or government check.\n\nSeven percent for a check from an insurance company, including, but not limited to, a private health or disability insurance plan payment.\n\nTen percent for a personal check, money order, or other check.\n\nA domestic credit union may contract for, receive, impose, assess, or collect a charge or fee that does not exceed $25.00 for the first check the credit union cashes for an individual.","path":["MI Code","Chapter 490","Act Act-215-of-2003"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-490-412","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"99d7d9d62356a54b1e8655420713ca40ef16adb7e4d37e7b42b48b167b2f7cfc","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-490.411","next":"us-mi/mich.-comp.-laws-490.413"},"notice":"GroundRules: Original legal text. Not legal advice."}