Unless otherwise provided, every loan or other investment made in violation of this chapter shall be due and payable according to its terms and the obligation thereof shall not be impaired; provided, however, that such violation consists only of the lending of an excessive sum on authorized security or of investing in an unauthorized investment.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Article 7 - Loans and Investments
§ 81-14-301. Investment in loans
§ 81-14-303. Other investments
§ 81-14-305. Prohibited security
§ 81-14-311. Methods of loan repayment
§ 81-14-315. Rule-making power of commissioner
§ 81-14-317. Nonconforming loans and investments