Mississippi Administrative Code
Title 6 - Economic Development
Part 1 - Financial Resources
Chapter 6 - Farish Street Historic District Loan Program
Rule 6-1-6.9 - General

CMPDD will close and service all loans. Borrowers will be required to make monthly payments of principal and interest, based upon an amortization schedule provided by CMPDD. On the 15th day of each month, CMPDD shall remit a check to MDA, for all principal loan payments made during the month, along with an itemized breakdown of each payment. Interest received in the form of repayments and investment interest earned may be retained by CMPDD to cover administrative costs.

Senate Bill 3194, 1999 Regular Session, as amended by Chapter 533 Laws of 2010.