Mississippi Administrative Code
Title 38 - Treasurer
Part 2 - Mississippi Prepaid Affordable College Tuition Program (Legacy Contracts)
Chapter 8 - Contract Purchaser
Rule 38-2-8.2 - Non-Acceptance of the Purchaser's Application

Universal Citation: MS Code of Rules 38-2-8.2

Current through September 24, 2024

A prospective Contract Purchaser may be denied the right to enter into an MPACT Contract:

A. If the Purchaser does not meet the qualifications set forth in Rule 8.1;

B. If the MPACT Contract violates local, state, or federal laws;

C. If the proposed Beneficiary is not a Qualified Beneficiary in accordance with Chapter 9;

D. If the Board determines that it is advisable to limit the number of MPACT Contracts;

E. If the Contract Purchaser fails to submit the MPACT Application during an official MPACT Enrollment Period;

F. If the Contract Purchaser fails to submit the Application Processing Fee;

G. If the Purchaser has requested or accepted any form of compensation, fee, commission, service charge or any other form of payment or remuneration for entering into a Contract for the benefit of a nonresident Beneficiary;

H. If the Contract Purchaser submits an Application with incomplete information; or

I. Such other reasons as may be determined by the State Treasurer or the Board.

Miss. Code Ann. § 37-155-9 (Rev. 2003).

Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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