GroundRules
Miss. Code Ann. § 81-22-19: Prohibited acts [Repealed effective July 1, 2022].
Where this section sits in the code
- Title 81. Banks and Financial Institutions
- Chapter 22. Mississippi Debt Management Services Act
A debt management service provider may not:
(a) Purchase debt. Purchase any debt or obligation of a consumer;
(b) Lend money. Lend money or provide credit to any consumer;
(c) Mortgage interest. Obtain a mortgage or other security interest in property of a consumer;
(d) Debt collector. Operate as a debt collector in this state; or
(e) Negative amortization. Structure an agreement for the consumer that, at the conclusion of the projected term for the consumer’s participation in the debt management service agreement, would result in negative amortization of any of the consumer’s obligations to creditors.
Collected 2026-10-27T05:54:28Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source