Rule 6-1-4.15 - Repayment of Funds All repayments of ABE funds to MD A shall match the repayments of the borrower to the Lender and shall be submitted upon the terms stated in the Lender's Authorization forms.
A. If a Lender collects payments on more than one ABE Loan, MDA will allow a lump sum payment on all outstanding loans. An itemized list of the source of funds, including ABE Loan numbers, must accompany this payment. Lenders must submit all collections for a one-month period by the fifth of the following month.Miss. Code Ann. § 69-2-13 (Rev. 2005) (as amended in HB 1148).