6 Miss. Code. R. 1-7.12

Current through December 10, 2024
Rule 6-1-7.12 - Lump Sum Payments

If a Financial Institution collects payments on more than one SBEFI Loan, MDA will allow a lump sum payment on all outstanding loans. An itemized list of the source of funds, including SBEFI Loan numbers, must accompany this payment. Financial Institutions must submit all collections for a one-month period by the fifth of the following month.

6 Miss. Code. R. 1-7.12

Miss. Code Ann. § 57-111-1 (Supp. 2008)