Miss. Code § 81-14-317

Current through the 2024 Regular Session
Section 81-14-317 - Nonconforming loans and investments

Unless otherwise provided, every loan or other investment made in violation of this chapter shall be due and payable according to its terms and the obligation thereof shall not be impaired; provided, however, that such violation consists only of the lending of an excessive sum on authorized security or of investing in an unauthorized investment.

Miss. Code § 81-14-317

Laws, 1992, ch. 489, § 81; reenacted without change, Laws, 1997, ch. 364, § 83; reenacted without change, Laws, 2001, ch. 457, § 83, eff. 7/1/2001.