Michigan § 488.18 - Statement of customer's account; frequency; contents.
Full text of Michigan Michigan Compiled Laws § 488.18 — Statement of customer's account; frequency; contents., with citation guidance and answers to common questions.
§ 488.18. Statement of customer's account; frequency; contents.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 488.18
What does Michigan Compiled Laws § 488.18 cover?
Section 488.18 ("Statement of customer's account; frequency; contents.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 488.18?
A common citation format is "Michigan Compiled Laws § 488.18" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 488.18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.