75-17-29 - Prohibition against use of multiple agreements to obtain excessive finance charge. - Mississippi Statutes

§ 75-17-29. Prohibition against use of multiple agreements to obtain excessive finance charge.
 

No lender or other person shall use multiple notes, accounts, contracts or agreements with intent to obtain a higher finance charge than permitted by law. If a finance charge be stipulated for or received in any case in violation of this section, all interest and finance charges shall be forfeited. 
 

Sources: Laws,  1986, ch. 510, § 7, eff from and after July 1, 1986.