Mississippi Code
Chapter 7 - Veterans' Home Purchase Law
§ 35-7-27. Details of contract between board and purchaser

The contract entered into between the board and the purchaser shall provide, among other things, that the purchaser intends to maintain said farm or home as his place of residence, that the purchaser shall keep the same in good order, that the purchaser shall keep in repair all buildings, fences and other permanent improvements, situated thereon, and that the purchaser shall insure and keep insured against fire and other hazards, all buildings and other permanent improvements on said property, in an insurance company authorized to do business in Mississippi, with a loss payable clause or standard New York mortgage clause in standard form payable to the board as its interest shall appear, in such amount or amounts and in such insurance company or companies as shall be agreeable to the board.

Structure Mississippi Code

Mississippi Code

Title 35 - War Veterans and Pensions

Chapter 7 - Veterans' Home Purchase Law

§ 35-7-1. Short title

§ 35-7-3. Declaration of public policy

§ 35-7-5. Definitions

§ 35-7-7. Creation of Veterans' Home Purchase Board; composition; qualifications, appointment, terms of office and compensation of members; general powers and duties of board; officers and employees

§ 35-7-9. Limitation on costs of administration of chapter

§ 35-7-11. Offices of board; staff and related expenses; assistance from county veterans service officers and others

§ 35-7-13. Duty of public officials to cooperate with board

§ 35-7-15. Eligibility of veterans; applications; priority preferences; waiting lists; distribution of assistance

§ 35-7-17. Acquisition of homes for resale to veterans; refinancing of permanent mortgage loans; limitations as to applications for purchase

§ 35-7-19. Acquisition by board of leasehold interests in certain lands for resale to veterans

§ 35-7-27. Details of contract between board and purchaser

§ 35-7-29. Execution of general deed and deed of trust; notice of veteran's intent to transfer property

§ 35-7-31. Escrow agreements

§ 35-7-33. Satisfaction of taxes, assessments, etc.; improvements

§ 35-7-35. Cancellation; foreclosure

§ 35-7-37. Care of property reverting to board

§ 35-7-39. Second purchases of property for veteran

§ 35-7-41. Rights of surviving spouse

§ 35-7-43. Removal of disability of minority

§ 35-7-45. Funds; sale of mortgages; issuance of notes

§ 35-7-47. Special consideration in event of hardship

§ 35-7-49. Confidentiality of information obtained in loan processing

§ 35-7-51. Criminal sanctions for fraudulent conduct