Mississippi Administrative Code
Title 6 - Economic Development
Part 1 - Financial Resources
Chapter 14 - Mississippi Small Enterprise Development (SED) Finance Act
Rule 6-1-14.24 - Loan Assignments

A loan may be assigned and assumed by a different Borrower upon the transfer or conveyance of a Project, provided that, (a) the new Borrower assumes all of the obligations of the assigning Borrower under the Loan Agreement and all other applicable documents; (b) the new Borrower at the time of such assignment qualifies under existing provisions of the Act, federal laws, and program guidelines; and (c) the assignment and assumption is approved by the issuer of the letter of credit and MBFC.

Miss. Code Ann. § 57-71-1 et. seq. (Rev. 2008)