6 Miss. Code. R. 2-4.11

Current through December 10, 2024

Rule 6-2-4.11 - Restriction on Use

The Financial Institution sets the terms and conditions of the MS CAP loan. However, the funds cannot be used to pay off:

A. Existing debt and/or creditors; or

B. Consolidation purposes;

C. Construction or purchase of residential housing; or real property that is held primarily for sale or investment.

Each MS CAP Loan must be approved by MDA to qualify for the program.

6 Miss. Code. R. 2-4.11

Miss. Code Ann. § 57-69-5 (Rev. 2008)