Michigan § 488.12 - Providing information about customer's deposit account or customer's transaction; furnishing credit information; verifications; liability for violation.
Full text of Michigan Michigan Compiled Laws § 488.12 — Providing information about customer's deposit account or customer's transaction; furnishing credit information; verifications; liability for violation., with citation guidance and answers to common questions.
§ 488.12. Providing information about customer's deposit account or customer's transaction; furnishing credit information; verifications; liability for violation.
To protect the privacy of customers using funds transfer services, a person providing services of a funds transfer facility and a financial institution providing services by means of a funds transfer facility, except as provided by law or with the consent of the customer, shall not provide to an outside party information about a customer's deposit account or a customer's transaction obtained through use of a funds transfer facility.
This section shall not be construed to prevent the furnishing of credit information under the fair credit reporting act, 15 U.S.C. 1681 to 1681t, or if necessary to verify or complete the transaction or verify the existence of the customer's accounts or of information regarding improper use of a customer's account.
A person providing services of a funds transfer facility and a financial institution providing services by means of a funds transfer facility, shall be jointly liable for a violation of this section.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 488.12
What does Michigan Compiled Laws § 488.12 cover?
Section 488.12 ("Providing information about customer's deposit account or customer's transaction; furnishing credit information; verifications; liability for violation.") 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 § 488.12?
A common citation format is "Michigan Compiled Laws § 488.12" (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 § 488.12 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.