{"data":{"id":"us-ms/miss.-code-ann.-57-71-17","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 57-71-17","heading":"Miss. Code Ann. § 57-71-17","body":"In the event of a default, the Certified Development Company shall call upon the letter of credit guaranteeing the principal amount of the loan plus interest due.\n\nFailure to comply with lending criteria shall result in a penalty which the company may establish by regulation, and penalties shall not be treated as interest income for the purposes of Section 148 of the Internal Revenue Code of 1986 .","path":["MS Code","Title 57"],"source_url":"https://legislature.ms.gov/","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:17Z","sha256":"dba3e2552f40885a2631c7479822344d230c1f7804e982edb24b8ba09683d21e","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-57-71-15","next":"us-ms/miss.-code-ann.-57-71-19"},"notice":"GroundRules: Original legal text. Not legal advice."}