Mississippi Administrative Code
Title 38 - Treasurer
Part 3 - Mississippi Prepaid Affordable College Tuition Program (Horizon Contracts)
Chapter 9 - The MPACT Contract
Rule 38-3-9.11 - Reinstatement

Universal Citation: MS Code of Rules 38-3-9.11
Current through September 24, 2024

If after 180 days of default payment is not received, the Contract will be placed in suspended status. After being placed in suspended status, the account will then be involuntarily discontinued in accordance with Rule 9.10. To return the account to active status, the Purchaser must either pay the delinquent amounts, including Assessments and Fees, or agree to change the Contract or payment terms (see Rules 9.12 through 9.15) in order to convert the account to some arrangement where they will not be delinquent. All delinquent amounts must be paid before the involuntary Cancellation refund is issued. The Purchaser may also elect to voluntarily cancel the Contract as described in Chapter 12.

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

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