6 MAC Pt. 2, R. 3.15
Terms of MBEM Loan(s)
Cite as 6 Miss. Admin. Code Pt. 2, R. 3.15
Terms of MBEM Loan(s). The terms allowed are determined by the loan amount and
should relate to the type of collateral offered. Terms should not exceed three (3) years for loans
of $2,000 to $5,000, four (4) years for loans of $5,001 to $10,000, five (5) years for loans of
$10,001 to $15,000, and seven (7) years for loans of $15,001 to $35,000.