6 Miss. Code. R. 2-3.17

Current through December 10, 2024
Rule 6-2-3.17 - Interest Rate on MBE Micro-Loan(s)

The interest rate to be charged is four percent (4%) over the Federal Reserve Discount Rate, fixed for the term of the loan. Should the interest rate change from the date of commitment to the date of closing, the interest rate quoted in the commitment will prevail.

6 Miss. Code. R. 2-3.17

Miss. Code Ann. § 57-69-5 (Rev. 2008)