Mississippi § 35-7-9 - Limitation on costs of administration of chapter.
Full text of Mississippi Mississippi Code of 1972 Annotated § 35-7-9 — Limitation on costs of administration of chapter., with citation guidance and answers to common questions.
§ 35-7-9. Limitation on costs of administration of chapter.
The cost of administering this chapter shall not exceed in any one (1) fiscal year two percent (2%) of mortgage loans in force. Administrative expenses shall include all costs for: personnel, travel, subsistence, contractual services, commodities and equipment utilized in operating the offices and facilities of the board and shall not include expenditures reimbursed to the board by applicants, veterans/owners, insurance companies and funds passing through escrow, regardless of the budget and accounting codes utilized. The amount of contracts in force for the purpose of this section shall be considered the amount in force at the end of the fiscal year in which the expenditures for administration are incurred.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 35-7-9
What does Mississippi Code of 1972 Annotated § 35-7-9 cover?
Section 35-7-9 ("Limitation on costs of administration of chapter.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 35-7-9?
A common citation format is "Mississippi Code of 1972 Annotated § 35-7-9" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 35-7-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.