6 MAC Pt. 2, R. 4.11
Restriction on Use
Cite as 6 Miss. Admin. Code Pt. 2, R. 4.11
Restriction on Use. The Financial Institution sets the terms and conditions of the MS
CAP loan. However, the funds cannot be used to pay off:
A. Existing debt and/or creditors; or
B. Consolidation purposes;
C. Construction or purchase of residential housing; or real property that is held primarily
for sale or investment.
Each MS CAP Loan must be approved by MDA to qualify for the program.