reglab/housing_qa huggingface dataset:
MI Comp L § 487.2083 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 344 of 2020 - Financial Exploitation Prevention Act (487.2081 - 487.2091)|Section 487.2083 - Definitions.

487.2083 Definitions.Sec. 3.  As used in this act:  (a) "Adult protective services" means the office, division, or unit under the department of health and human services that is charged with investigation of abuse, neglect, or exploitation of vulnerable persons under the social welfare act, 1939 PA 280, MCL 400.1 to 400.119b.  (b) "Caregiver" means a parent or other relative responsible for the health and safety of an individual, or a guardian, conservator, or any other person with legal or fiduciary obligations to an individual.  (c) "Covered financial exploitation" means financial exploitation of an individual through deception, manipulation, coercion, intimidation, or improper leveraging of a caregiver relationship.  (d) "Examination and enforcement authority" means 1 of the following:  (i) For the department of insurance and financial services, any and all applicable authority provided under the credit union act, 2003 PA 215, MCL 490.101 to 490.601 or the banking code of 1999, 1999 PA 276, MCL 487.11101 to 487.15105.  (ii) For the National Credit Union Administration, any and all applicable authority provided under the federal credit union act, 12 USC 1751 to 1795k.   (iii) For the Office of the Comptroller of the Currency, any and all applicable authority provided under 12 USC 1 to 5710.  (iv) For the Federal Deposit Insurance Corporation, any and all applicable authority provided under 12 USC 1811 to 1835a.  (v) For the Federal Reserve System, any and all applicable authority provided under 12 USC 221 to 522.  (e) "Financial exploitation" means either of the following:  (i) A fraudulent or otherwise illegal, unauthorized, or improper act or process of an individual who uses or attempts to use the financial resources of another individual for monetary or personal benefit, profit, or gain.  (ii) A fraudulent or otherwise illegal, unauthorized, or improper act or process of an individual that results or is intended to result in depriving another individual of rightful access to or use of benefits, resources, belongings, or assets.  (f) "Financial institution" means a financial institution as defined in section 4 of the Michigan strategic fund act, 1984 PA 270, MCL 125.2004.  (g) "Law enforcement agency" means a police agency of a city, village, township, or county or the Michigan state police.  (h) "Unauthorized" means without permission, or utilizing permission obtained from a person through deception, manipulation, coercion, intimidation, or improper leveraging of a caregiver relationship.  (i) "Vulnerable adult" means an adult who, because of mental or physical impairment or advanced age, is unable to protect himself or herself from covered financial exploitation.  (j) "Written" means inscribed in a tangible or electronic medium. History: 2020, Act 344, Eff. Sept. 26, 2021
MI Comp L § 487.2087 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 344 of 2020 - Financial Exploitation Prevention Act (487.2081 - 487.2091)|Section 487.2087 - Investigations; Delay or Freeze on Transactions; Exception.

487.2087 Investigations; delay or freeze on transactions; exception.Sec. 7.  (1) Except as otherwise provided in this subsection, and subject to subsection (3), if a financial institution suspects or detects covered financial exploitation of a member or customer, the financial institution may delay the related transaction for further investigation or examination of available facts. Upon investigation or examination of available facts, if the financial institution still suspects or has detected covered financial exploitation of the member or customer, the financial institution may either continue the delay of related transactions under this subsection or place a freeze on any transactions or assets related to that member's or customer's accounts, individually or jointly held, as provided in this subsection. Any delay or freeze placed by the financial institution must be done according to the terms of any account or service agreement between the financial institution and the member or customer. If there is not an applicable account or service agreement between the financial institution and the member or customer, the financial institution may delay an individual transaction or place a freeze on any transactions or assets relative to that member's or customer's accounts, individually or jointly held, under this section for up to 10 business days, or according to the terms of any applicable court order.  (2) If a financial institution is informed by a law enforcement agency or adult protective services under section 5(4) that suspected or detected covered financial exploitation that has been reported is under investigation, the financial institution may extend the term of a transaction delay or freeze until the financial institution is informed of the dismissal of the reported incident or the financial institution reasonably believes there is no continued risk of covered financial exploitation of the targeted individual, whichever is later.  (3) A financial institution may provide for the processing of any transaction necessary to preserve the health, safety, or financial well-being of a member or customer during the period of a transaction delay or freeze, unless those transactions are related to the suspected covered financial exploitation or the financial institution is directed otherwise by court order. History: 2020, Act 344, Eff. Sept. 26, 2021
MI Comp L § 487.2089 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 344 of 2020 - Financial Exploitation Prevention Act (487.2081 - 487.2091)|Section 487.2089 - Examination and Enforcement Authority.

487.2089 Examination and enforcement authority.Sec. 9.  (1) Except as provided in subsections (2) and (3), only the state or federal regulatory agency that authorized the financial institution to organize and commence business in its current form and that has examination and enforcement authority over that financial institution may enforce this act.  (2) If a financial institution is organized under the laws of another state or territory of the United States and maintains 1 or more branch offices in this state, only the state regulatory agency of this state that has or shares examination and enforcement authority over the financial institution's operations in this state may enforce this act.  (3) In addition to the general authority of a federal regulatory agency described in subsection (1), the Federal Deposit Insurance Corporation or Federal Reserve System may refer a suspected violation of this act discovered under their examination and enforcement authority to an appropriate agency described in subsection (1) or (2) or take appropriate action under their examination and enforcement authority.  (4) Except with regard to the examination and enforcement authority of the department of insurance and financial services or a federal regulatory agency described in subsection (1), (2), or (3), a financial institution and any of its employees, officers, directors, or affiliates are immune from any liability or penalty under law or regulation of this state or a local unit of government for an action, determination, omission, or process under this act or under a policy governed by this act.  (5) There is no private right of action against a financial institution, or any of its employees, officers, directors, or affiliates, either in law or in equity, for an action, determination, omission, or practice under this act or under a policy governed by this act. History: 2020, Act 344, Eff. Sept. 26, 2021
MI Comp L § 487.2091 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 344 of 2020 - Financial Exploitation Prevention Act (487.2081 - 487.2091)|Section 487.2091 - Construction of Act.

487.2091 Construction of act.Sec. 11.  (1) This act shall not be construed as limiting the responsibilities of a law enforcement agency to enforce the laws of this state or as precluding a law enforcement agency from reporting and investigating, as appropriate, alleged criminal conduct.  (2) This act shall not be construed as limiting the ability or authority of a financial institution to take otherwise lawful actions under local, state, or federal law or private agreement; or to report or prevent fraud or other illegal activity related to its operations or the assets of a member or customer that are held by the financial institution.  (3) This act shall not be construed as restricting or prohibiting a person, other than an individual who is acting as an employee of a financial institution, that suspects or finds that covered financial exploitation of an individual has occurred or is being attempted by another individual from making a report to a law enforcement agency or adult protective services.  (4) This act shall not be construed as limiting the responsibilities of adult protective services to investigate, as appropriate, alleged abuse of any adult in need of protective services, as that term is defined in section 11(b) of the social welfare act, 1939 PA 280, MCL 400.11. History: 2020, Act 344, Eff. Sept. 26, 2021
MI Comp L § 487.2101 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 190 of 1991 - State Employee Payroll Deduction Program (487.2101 - 487.2105)|Section 487.2101 - Definitions.

487.2101 Definitions. Sec. 1.  As used in this act:  (a) "College or university" means a state-supported college or university.  (b) "Department" means the department of treasury.  (c) "Financial institution" means a state or nationally chartered bank, a state or federally chartered savings and loan association or savings bank, or a state or federally chartered credit union.  (d) "Person" means an individual, partnership, association, corporation, governmental entity, or any other legal entity.  (e) "State employee" means a classified or unclassified member of the state civil service or an unclassified employee of the executive, legislative, or judicial branch of state government. History: 1991, Act 190, Imd. Eff. Dec. 27, 1991
MI Comp L § 487.2102 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 190 of 1991 - State Employee Payroll Deduction Program (487.2101 - 487.2105)|Section 487.2102 - Enrollment in Distribution System for Direct Deposit of Retirement Benefit With Financial Institution; Electronic Fund Transfer of State College and University Payments.

487.2102 Enrollment in distribution system for direct deposit of retirement benefit with financial institution; electronic fund transfer of state college and university payments. Sec. 2.  (1) The bureau of retirement systems in the department of management and budget shall enroll recipients of a state retirement benefit who elect enrollment in a distribution system that directs the entire net amount of the monthly retirement benefit to be directly deposited by the department into 1 or more accounts maintained by the recipient of a state retirement benefit with 1 or more financial institutions.  (2) The department shall maintain a distribution system by which all state college and university monthly state payments will be made by electronic funds transfer on the next business day following the fifteenth of the month during a month a payment is scheduled to be made.  (3) The department shall enroll active state employees who elect enrollment in a distribution system that directly deposits their net payroll amount into 1 or more accounts at 1 or more financial institutions. History: 1991, Act 190, Imd. Eff. Dec. 27, 1991 ;-- Am. 2000, Act 495, Imd. Eff. Jan. 11, 2001
MI Comp L § 487.2103 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 190 of 1991 - State Employee Payroll Deduction Program (487.2101 - 487.2105)|Section 487.2103 - Establishment of Criteria and Distribution System for Participation by Financial Institution.

487.2103 Establishment of criteria and distribution system for participation by financial institution. Sec. 3.  The department and the department of management and budget shall establish criteria and the distribution system by which a financial institution may participate in a state payroll deduction program. History: 1991, Act 190, Imd. Eff. Dec. 27, 1991 ;-- Am. 2000, Act 495, Imd. Eff. Jan. 11, 2001
MI Comp L § 487.2104 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 190 of 1991 - State Employee Payroll Deduction Program (487.2101 - 487.2105)|Section 487.2104 - Rules; Participation Prohibited Under Certain Conditions.

487.2104 Rules; participation prohibited under certain conditions. Sec. 4.  (1) The department shall promulgate rules to implement this act pursuant to the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws.  (2) The promulgated rules shall include the terms and conditions of any agreements under this act between the participating financial institutions and the department or between the employee, university, or retirement recipient and the department.  (3) A university shall not participate in the direct deposit program unless the university electronically pays to the state its sales, use, and withholding taxes. History: 1991, Act 190, Imd. Eff. Dec. 27, 1991 ;-- Am. 1993, Act 100, Imd. Eff. July 13, 1993
MI Comp L § 487.2105 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 190 of 1991 - State Employee Payroll Deduction Program (487.2101 - 487.2105)|Section 487.2105 - Fee; Limitation; Prohibition.

487.2105 Fee; limitation; prohibition. Sec. 5.  (1) Beginning January 1, 1994, the department may charge a participating financial institution a reasonable fee not greater than the actual costs of administering the direct deposit program or a fee of 25 cents, whichever is less, for each transaction and prenotification. The department shall not charge or impose any fee on a participating state employee, state college or university, or state retirement recipient.  (2) A financial institution that electronically pays to the state its sales, use, and withholding taxes shall not be charged a fee to participate in a program under this act. History: Add. 1993, Act 100, Imd. Eff. July 13, 1993 ;-- Am. 2000, Act 495, Imd. Eff. Jan. 11, 2001
MI Comp L § 488.1 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.1 - Meaning of Words and Phrases.

488.1 Meaning of words and phrases. Sec. 1.  For the purposes of this act, the words and phrases defined in sections 2 to 5 have the meanings ascribed to them in those sections. History: 1978, Act 322, Eff. Jan. 1, 1979
MI Comp L § 488.2 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.2 - Definitions; a to C.

488.2 Definitions; A to C.Sec. 2.  (1) "Available" means all deposit account functions that are performed from time to time by the particular electronic funds transfer terminal.  (2) "Bank" means that term as defined in section 1201 of the banking code of 1999, 1999 PA 276, MCL 487.11201, or a national banking association that is established under the laws of the United States and has its main office in this state.  (3) "Branch" means any of the following:  (a) For a state credit union, a branch as defined in section 102 of the credit union act, 2003 PA 215, MCL 490.102, and a service center as defined in section 103 of the credit union act, 2003 PA 215, MCL 490.103.  (b) For a federal credit union, a branch as defined in section 101 of the federal credit union act, 12 USC 1752, and applicable regulations.  (c) For a federal savings and loan association, a branch office as defined by the regulations of the federal home loan bank board pursuant to the federal home loan bank act, 12 USC 1421 to 1449, but does not include a mobile facility, satellite office, or an agency established after January 1, 1979.  (d) For a state bank, a branch as defined in section 1201 of the banking code of 1999, 1999 PA 276, MCL 487.11201.  (e) For a national banking association, a branch as defined in 12 USC 36.  (4) "Consumer finance company" means a licensee under the regulatory loan act, 1939 PA 21, MCL 493.1 to 493.24. History: 1978, Act 322, Eff. Jan. 1, 1979 ;-- Am. 2003, Act 220, Imd. Eff. Dec. 2, 2003 ;-- Am. 2012, Act 449, Eff. Dec. 31, 2012
MI Comp L § 488.3 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.3 - Definitions; C to E.

488.3 Definitions; C to E. Sec. 3.  (1) “Credit union” means a domestic credit union as that term is defined in section 102 of the credit union act, or a federal credit union established under the laws of the United States having its main office in this state.  (2) “Customer” means a person, but does not include a financial institution or a financial institution holding company.  (3) “Deposit account” includes share, deposit, member, and savings accounts of financial institutions.  (4) “Electronic fund transfer” is any transaction that depends upon an electronic funds transfer terminal to complete.  (5) “Electronic funds transfer terminal” means an information processing device used for the purpose of executing deposit account transactions between financial institutions and their customers by either the direct transmission of electronic impulses or the recording of electronic impulses for delayed processing. A device used for other purposes may be an electronic funds transfer terminal, but a terminal is not an electronic funds transfer terminal while being used for those other purposes. Electronic funds transfer terminal does not include a device at the time it is used to perform the functions of check guaranty, check authorization, or credit card programs, or a combination of any of those programs, and does not include a device located on the premises of a customer of a financial institution that is used to execute transactions only between that customer and the financial institution. History: 1978, Act 322, Eff. Jan. 1, 1979 ;-- Am. 2003, Act 220, Imd. Eff. Dec. 2, 2003
MI Comp L § 488.4 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.4 - Definitions; F to M.

488.4 Definitions; F to M. Sec. 4.  (1) “Financial institution” means a bank, savings and loan association, consumer finance company, credit union, and includes a corporation wholly owned by a financial institution or by a holding company parent of any financial institution.  (2) “Funds transfer facility” means an electronic funds transfer terminal or a funds transmission facility.  (3) “Funds transmission facility” means all devices and equipment, regardless of where located, which are interconnected with an electronic funds transfer terminal and while they are being used to transmit electronic impulses to enable the terminal to perform deposit account functions.  (4) “Merchant” means a person primarily engaged in the retail sale of goods or services. History: 1978, Act 322, Eff. Jan. 1, 1979
MI Comp L § 488.5 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.5 - Definitions; P to U.

488.5 Definitions; P to U. Sec. 5.  (1) “Person” means an individual, sole proprietorship, corporation, partnership, association, joint stock company, trust, or unincorporated organization.  (2) “Reasonable fees” means transaction, rental, or other periodic charges which are directly related to the cost of furnishing a particular service, and which are proportionate to actual usage of the service by all persons using the service competing in the same market area and may include a return on invested capital and an initial entry fee charged for the purpose of recovering noncapitalized development costs. The fees shall be negotiated on a fair and equitable basis between the parties who shall not conspire to set a fee with the purpose of destroying or preventing competition.  (3) “Savings and loan association” means an association established under Act No. 156 of the Public Acts of 1964, as amended, being sections 489.501 to 489.920 of the Michigan Compiled Laws, or a federal savings and loan association established under the laws of the United States having its main office in this state.  (4) “Unauthorized use” means either of the following:  (a) Any transaction not known to the customer and not effectuated with the express permission of the customer.  (b) Any transaction effectuated under physical duress. History: 1978, Act 322, Eff. Jan. 1, 1979
MI Comp L § 488.6 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.6 - Terminals, Facilities, or Functions to Which Act Inapplicable.

488.6 Terminals, facilities, or functions to which act inapplicable. Sec. 6.  This act shall not be applicable to terminals, facilities, or functions which are subject to regulation by the Michigan public service commission or which are available for direct use only by financial institutions and not by the public generally. History: 1978, Act 322, Eff. Jan. 1, 1979
MI Comp L § 488.8 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.8 - Funds Transfer Facility; Reliable Service; Protection of Privacy; Safety and Soundness of Funds; Compliance With Antitrust Laws.

488.8 Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws. Sec. 8.  (1) A funds transfer facility shall provide reliable service to the person with protection of privacy of personal financial information.  (2) A funds transfer facility shall not impair the safety and soundness of a person's funds.  (3) Persons subject to this act shall act and conduct their affairs in a manner which complies with the antitrust laws of this state or the United States to assure a free and open competitive economy in this state. History: 1978, Act 322, Eff. Jan. 1, 1979
MI Comp L § 488.9 (2021)
2021 Michigan Compiled Laws|Chapter 488 - Electronic Funds Transfers|Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31)|Section 488.9 - Funds Transfer Facility; Restrictions.

488.9 Funds transfer facility; restrictions. Sec. 9.  A person may not establish, operate, or make available a funds transfer facility in this state, except as provided in this act. History: 1978, Act 322, Eff. Jan. 1, 1979