6 Miss. Code. R. 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.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.