Mississippi Administrative Code
Title 38 - Treasurer
Part 3 - Mississippi Prepaid Affordable College Tuition Program (Horizon Contracts)
Chapter 10 - Administrative Fees
Rule 38-3-10.9 - Late Payment Fee

A late payment fee of twenty dollars ($20.00) shall automatically be assessed on each monthly MPACT Contract payment received more than fifteen (15) days past the payment due date. An Actuarial Assessment of 1% per month will automatically be assessed on each lump-sum payment received more than fifteen (15) days past the payment due date. For accounts with partial lump sums and monthly payments, the fee for late payment will be twenty dollars ($20.00) or 1% whichever is greater.

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