Michigan Compiled Laws § 488.17 Receipt Evidencing Electronic Fund Transfer; Time; Costs.

488.17 Receipt evidencing electronic fund transfer; time; costs.

Sec. 17.

An electronic fund transfer made by a customer of a financial institution shall be evidenced by a receipt provided to the customer at the time of the electronic fund transfer. If a receipt cannot be provided at the time of the transfer it shall be provided on a regular basis at the option of the customer and upon agreement by the customer to pay all reasonable costs for the service.

History: 1978, Act 322, Eff. Jan. 1, 1979

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Last modified: October 10, 2016