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2017 Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 67 - Loans
Article 4 - Mississippi Consumer Alternative Installment Loan Act
§ 75-67-181. Finance charge in lieu of interest on certain loans
Universal Citation:
MS Code § 75-67-181 (2017)
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This media-neutral citation is based
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In lieu of the interest and charges in Section 75-17-21, on loans of Four Thousand Dollars ($ 4,000.00) or less, a licensee may contract and charge a monthly finance charge not to exceed an annual percentage rate, calculated according to the actuarial method, of fifty-nine percent (59%) per annum on the unpaid balance of the amount financed.
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