Legal Status



Miss. Code Ann. §§ 75-67-501 et seq.

Loan Terms

Maximum Loan Amount: 500

Loan Term: 30 (min 28 if loan is between $250 and $500)

Finance Charge for 14-day $100 Loan: 20

APR for 14-day $100 Loan: 521%

Debt Limits

Maximum Number of Outstanding Loans at One Time: Max $500 in all checks. MS ST § 75-67-519(2)

Rollovers Permitted: None. Miss. Code Ann. §75-67-519

Cooling-off Period: None Specified

Collection Limits

Collection Fees: $30 NSF Fee

Criminal Action: Prohibited. Deceptive advertising of any kind is a violation of the statute.