322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)

  1. Law
  2. Michigan Compiled Laws
  3. Electronic Funds Transfers
  4. 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)

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Section
488.1

Meaning of Words and Phrases.

Section
488.2

Definitions; a to C.

Section
488.3

Definitions; C to E.

Section
488.4

Definitions; F to M.

Section
488.5

Definitions; P to U.

Section
488.6

Terminals, Facilities, or Functions to Which Act Inapplicable.

Section
488.7

Funds Transfer Facility on Merchant's Premises; Establishment, Ownership, or Operation; Access To, Connection To, or Use of Facility; Reasonable Fees; Nondiscrimination; Additional Facilities; Equality of Fees.

Section
488.8

Funds Transfer Facility; Reliable Service; Protection of Privacy; Safety and Soundness of Funds; Compliance With Antitrust Laws.

Section
488.9

Funds Transfer Facility; Restrictions.

Section
488.10

Electronic Funds Transfer Terminals; Number; Availability; Transfer of Funds Into Deposit Acccount.

Section
488.11

Funds Transmission Facility; Establishment, Operation, or Availability; Exemption of Internal Computer System.

Section
488.12

Providing Information About Customer's Deposit Account or Customer's Transaction; Furnishing Credit Information; Verifications; Liability for Violation.

Section
488.13

Issuance of Card or Means of Access to Customer's Account; Requirements.

Section
488.14

Liability for Unauthorized Use of Account; Proof; “Customer Negligence” Defined; Failure to Notify Depository Financial Institution of Unauthorized Use; Reporting Lost Means of Access or Violation of Security.

Section
488.15

Notification of Electronic Fund Transfer Error; Investigation; Report; Notification Requirements; Requirements of Report to Customer; Meaning of Electronic Fund Transfer Error; Placing Hold on Funds in Account; Closing Account; Report; Correction Resulting in Credit to Account; Crediting Account With Interest.

Section
488.16

Reversal of Electronic Fund Transfer and Recrediting Customer's Account; Requirements; “Normal Business Hours” Defined.

Section
488.17

Receipt Evidencing Electronic Fund Transfer; Time; Costs.

Section
488.18

Statement of Customer's Account; Frequency; Contents.

Section
488.19

Written Agreement of Terms and Conditions Governing Account; Time; Contents.

Section
488.20

Options to Promote Security of Electronic Fund Transfers.

Section
488.21

Civil Action for Violation; Liability.

Section
488.22

Monitoring and Analyzing Developments Within Field of Electronic Fund Transfers; Report; Effecting Provisions of Section.

Section
488.23

Restraining Trade or Engaging in Anticompetitive Practices.

Section
488.24

Unauthorized Transactions Prohibited.

Section
488.25

Applicability of Antitrust Laws.

Section
488.26

Application of State or Federal Statute to Credit or Deposit Account Relationships.

Section
488.27

Unjust Denial of Access; Unfairly Discriminatory Sharing Requirements; Arbitration; Judgment; Redress in Circuit Court.

Section
488.28

Violation Injurious to Business or Property; Action for Treble Damages, Costs, and Attorneys' Fees.

Section
488.29

Wilful Violation as Misdemeanor; Penalty.

Section
488.30

Conditional Effective Date.

Section
488.31

Effective Date.