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Form a Business

Fee; limitation; prohibition.

MCL 487.2105
in effect
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487.2105. Fee; limitation; prohibition. Sec. 5. (1) Beginning 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. (2) A 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. Add. 1993, Act 100, Imd. Eff. July 13, 1993; Am. 2000, Act 495, Imd. Eff. Jan. 11, 2001
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-487-2105Fetched: 10/20/2026

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