Section 488.29 – Wilful Violation as Misdemeanor; Penalty.
488.29 Wilful violation as misdemeanor; penalty. Sec. 29. A person who wilfully violates this act is guilty of a misdemeanor, punishable by a fine of not more than $10,000.00. History: 1978, Act 322, Eff. Jan. 1, 1979
Section 488.30 – Conditional Effective Date.
488.30 Conditional effective date. Sec. 30. This act shall not take effect unless House Bill No. 4554 of the 1977 regular session of the legislature is enacted into law. History: 1978, Act 322, Eff. Jan. 1, 1979
Section 488.31 – Effective Date.
488.31 Effective date. Sec. 31. This act shall take effect January 1, 1979. History: 1978, Act 322, Eff. Jan. 1, 1979
Section 488.26 – Application of State or Federal Statute to Credit or Deposit Account Relationships.
488.26 Application of state or federal statute to credit or deposit account relationships. Sec. 26. In the application of any state or federal statute to credit or deposit account relationships, the transfer of funds by use of a funds transfer facility shall constitute only an additional means of effecting a payment, and this act shall […]
Section 488.27 – Unjust Denial of Access; Unfairly Discriminatory Sharing Requirements; Arbitration; Judgment; Redress in Circuit Court.
488.27 Unjust denial of access; unfairly discriminatory sharing requirements; arbitration; judgment; redress in circuit court. Sec. 27. A financial institution seeking to share a funds transfer facility pursuant to this act, and believing that it has been unjustly denied access or that the sharing requirements for its participation are unfairly discriminatory may seek a settlement […]
Section 488.28 – Violation Injurious to Business or Property; Action for Treble Damages, Costs, and Attorneys’ Fees.
488.28 Violation injurious to business or property; action for treble damages, costs, and attorneys’ fees. Sec. 28. A person who is injured in his or her business or property by another person who violates section 9, 10, 11, 23, or 24, may bring an action in any court having jurisdiction to recover treble damages, costs […]
Section 488.19 – Written Agreement of Terms and Conditions Governing Account; Time; Contents.
488.19 Written agreement of terms and conditions governing account; time; contents. Sec. 19. A customer of a financial institution whose account with the financial institution is accessible through a funds transfer facility shall be provided with a written agreement by the financial institution of the terms and conditions governing the account. The agreement shall be […]
Section 488.20 – Options to Promote Security of Electronic Fund Transfers.
488.20 Options to promote security of electronic fund transfers. Sec. 20. In order to promote the security of electronic fund transfers, financial institutions shall make available to customers: (a) Options to limit the total amount of cash which can be withdrawn through the use of an electronic funds transfer terminal, from a customer’s account in […]
Section 488.21 – Civil Action for Violation; Liability.
488.21 Civil action for violation; liability. Sec. 21. (1) A person may bring a civil action against a person violating section 13, 14, 15, 16, 17, 18, 19, or 20 in any court having jurisdiction. Upon adverse adjudication, the defendant shall be liable for actual damages or $1,000.00, whichever is greater. (2) If a violation […]
Section 488.22 – Monitoring and Analyzing Developments Within Field of Electronic Fund Transfers; Report; Effecting Provisions of Section.
488.22 Monitoring and analyzing developments within field of electronic fund transfers; report; effecting provisions of section. Sec. 22. The commissioner of the financial institutions bureau shall monitor and analyze developments within the field of electronic fund transfers and shall 1 year after the effective date of this act, submit a written report to the house […]