Mississippi Administrative Code
Title 6 - Economic Development
Part 11 - Mississippi Gulf Coast Restoration Fund Program
Chapter 3 - GCRF Loan and Loan Guaranty Program Rules & Regulations
Rule 6-11-3.18 - Loan Closing
Universal Citation: MS Code of Rules 6-11-3.18
Current through September 24, 2024
A. Based upon the terms and conditions established by MDA, MDA will have all security and loan documents, including but not limited to the loan agreement and promissory note, prepared by outside counsel. Prior to disbursement of any funds, all loan documents must be fully executed.
B. The borrower will also be responsible for paying for all costs associated with the closing of the loan, including document preparation, attorney's fees, title searches and filing fees.
Miss. Code Ann. § 57-119-1, et seq.
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