The Michigan Affidavit of Banker for Nondeposit of Rentals is a legal document commonly used in the state of Michigan. It is specifically designed to provide proof that a landlord has not accepted any rental payments in the form of cash or check, and instead, the tenants have direct deposited the rental payments into the landlord's bank account. This affidavit serves as a declaration by the landlord, affirming that they have not received any cash or check rental payments, and that they solely rely on electronic transfers for rental payments. By submitting this affidavit, the landlord can demonstrate compliance with the state's regulations regarding rental payments. There are two main types of Michigan Affidavit of Banker for Nondeposit of Rentals: 1. Standard Michigan Affidavit of Banker for Nondeposit of Rentals: This affidavit is used by landlords who exclusively accept rental payments through electronic transfers. The landlord needs to provide their personal information, such as name, address, and contact details, along with the tenant's information and the duration of the rental agreement. 2. Michigan Affidavit of Banker for Nondeposit of Rentals with Exceptions: This type of affidavit is utilized when the landlord occasionally accepts cash or check rental payments due to exceptional circumstances, such as technical issues with the electronic transfer system or temporary unavailability of the tenant's account. In this case, the landlord must detail the specific circumstances and clearly state that such exceptions are rare and not the standard procedure. The Michigan Affidavit of Banker for Nondeposit of Rentals is an essential document for landlords who want to ensure transparency in their rental transactions while adhering to the state laws. It assists in avoiding potential legal disputes and protects both parties' interests by providing a documented record of the rental payment process.