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Form a Business

Statement of customer's account; frequency; contents.

MCL 488.18
in effect
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488.18. Statement of customer's account; frequency; contents. Sec. 18. A financial institution shall provide each customer with a statement of the customer's account accessible through an electronic funds transfer terminal. The statement shall be provided not less than once a month in which an electronic fund transfer occurs, or annually, whichever is more frequent. The statement shall contain a brief description of each transaction made through an electronic funds transfer terminal. The description shall be sufficient to enable the customer to identify any transaction and to relate it to a receipt pursuant to section 17. 1978, Act 322, Eff. Jan. 1, 1979
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-488-18Fetched: 10/20/2026

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