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(a) Options to limit the total amount of cash which can be withdrawn through the use of an electronic funds transfer terminal, from a customer's account in any single day. The options shall include, but need not be restricted to, a limit of $50.00.
(b) An option to limit access through an electronic funds transfer terminal to 1 or more specified accounts.
History: 1978, Act 322, Eff. Jan. 1, 1979
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